Foster Victor Wealth Advisors LLC Acquires 4,888 Shares of Emerson Electric Co. $EMR

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in Emerson Electric by 3.9%, acquiring an additional 4,888 shares, which brings its total holdings to 129,856 shares valued at approximately $18.15 million.
• Recent upgrades from multiple analysts have resulted in a consensus rating of "Moderate Buy" for Emerson Electric, with the average price target set at $142.39.
• The company recently announced a quarterly dividend of $0.5275 per share, reflecting an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Foster Victor Wealth Advisors LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,856 shares of the industrial products company's stock after purchasing an additional 4,888 shares during the period. Emerson Electric accounts for approximately 1.2% of Foster Victor Wealth Advisors LLC's investment portfolio, making the stock its 21st biggest position. Foster Victor Wealth Advisors LLC's holdings in Emerson Electric were worth $18,154,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EMR. Saudi Central Bank acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric in the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric during the first quarter valued at $28,000. Fourth Dimension Wealth LLC grew its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of Emerson Electric in the 4th quarter worth about $30,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Performance

NYSE EMR opened at $131.56 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market cap of $74.04 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.52 and a beta of 1.30. The company has a 50-day simple moving average of $136.33 and a two-hundred day simple moving average of $123.54.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

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