Janney Montgomery Scott LLC Increases Stake in Emerson Electric Co. $EMR

Key Points

• Janney Montgomery Scott LLC has increased its stake in Emerson Electric Co. by 1.2%, owning a total of 658,206 shares valued at approximately $87.76 million.
• Emerson Electric recently reported a quarterly earnings per share of $1.52, slightly surpassing analyst expectations and marking a 3.9% year-over-year revenue increase.
• The company declared a dividend of $0.5275 per share, yielding an annualized dividend of $2.11, resulting in a **dividend payout ratio (DPR)** of 45.38%.

Janney Montgomery Scott LLC grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 658,206 shares of the industrial products company's stock after buying an additional 8,054 shares during the quarter. Janney Montgomery Scott LLC owned 0.12% of Emerson Electric worth $87,759,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Brighton Jones LLC boosted its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Emerson Electric by 17.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,940 shares of the industrial products company's stock valued at $213,000 after buying an additional 284 shares during the period. GAMMA Investing LLC boosted its stake in shares of Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after buying an additional 1,117,646 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 11.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 13,028 shares of the industrial products company's stock valued at $1,428,000 after buying an additional 1,317 shares during the period. Finally, Czech National Bank boosted its stake in shares of Emerson Electric by 4.8% in the 1st quarter. Czech National Bank now owns 129,519 shares of the industrial products company's stock valued at $14,200,000 after buying an additional 5,888 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 $129.22 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a fifty day moving average price of $135.29 and a 200 day moving average price of $124.16. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market cap of $72.73 billion, a PE ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Daiwa Capital Markets boosted their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $143.76.

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.

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