7,128 Shares in Emerson Electric Co. $EMR Acquired by IronOak Wealth LLC.

Key Points

• IronOak Wealth LLC invested approximately $950,000 in Emerson Electric Co., acquiring 7,128 shares in the second quarter.
• Emerson Electric recently reported an earnings EPS of $1.52 for the quarter, beating estimates, but with revenue of $4.55 billion falling short of expectations.
• The company has declared a quarterly dividend of $0.5275 per share, equating to an annualized yield of 1.6% with a payout ratio of 45.38%.

IronOak Wealth LLC. acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,128 shares of the industrial products company's stock, valued at approximately $950,000.

Several other large investors have also bought and sold shares of EMR. Saudi Central Bank bought a new position in Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in Emerson Electric in the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC increased its stake in Emerson Electric by 145.3% in 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 last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth $30,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.4%

NYSE EMR traded up $0.54 on Monday, reaching $132.88. The stock had a trading volume of 3,109,301 shares, compared to its average volume of 2,779,784. The stock has a fifty day moving average price of $136.49 and a two-hundred day moving average price of $123.49. 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 capitalization of $74.78 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.51 and a beta of 1.30.

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 for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company's revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm 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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's payout ratio is presently 45.38%.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Citigroup lifted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Profile

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.