HB Wealth Management LLC Lowers Stock Holdings in Emerson Electric Co. $EMR

Key Points

• HB Wealth Management LLC has reduced its stake in Emerson Electric Co. by 11.5%, now holding 22,975 shares worth approximately $3.06 million.
• Recent earnings report showed Emerson Electric beat consensus estimates with an EPS of $1.52 and a revenue of $4.55 billion, reflecting a year-over-year revenue increase of 3.9%.
• The company announced a quarterly dividend of $0.5275 per share, translating to an annualized dividend of $2.11 and a yield of 1.6%.

HB Wealth Management LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,975 shares of the industrial products company's stock after selling 2,996 shares during the period. HB Wealth Management LLC's holdings in Emerson Electric were worth $3,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Dominguez Wealth Management Solutions Inc. lifted its position in Emerson Electric by 0.4% in the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock worth $3,007,000 after purchasing an additional 84 shares during the period. Opal Wealth Advisors LLC lifted its position in Emerson Electric by 14.1% in the second quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company's stock worth $91,000 after purchasing an additional 85 shares during the period. Hohimer Wealth Management LLC lifted its position in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after purchasing an additional 95 shares during the period. Clearstead Trust LLC lifted its position in Emerson Electric by 7.4% in the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock worth $154,000 after purchasing an additional 97 shares during the period. Finally, One Wealth Advisors LLC lifted its position in Emerson Electric by 5.7% in the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $131.20 on Thursday. The stock has a fifty day moving average of $134.71 and a 200-day moving average of $124.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market capitalization of $73.84 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) 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 company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.43 EPS. The company's revenue was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is 45.38%.

Analyst Ratings Changes

A number of research firms have weighed in on EMR. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.76.

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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