LeConte Wealth Management LLC Makes New $256,000 Investment in Emerson Electric Co. $EMR

Key Points

• LeConte Wealth Management LLC made a new investment of $256,000 in Emerson Electric Co. during the 2nd quarter, acquiring 1,922 shares.
• Emerson Electric recently reported earnings of $1.52 per share, exceeding analyst estimates, with revenue of $4.55 billion for the quarter.
• The company declared a quarterly dividend of $0.5275 per share, resulting in an annualized dividend of $2.11 and a yield of 1.6%.

LeConte Wealth Management LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,922 shares of the industrial products company's stock, valued at approximately $256,000.

Several other large investors have also recently made changes to their positions in EMR. Nuveen LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $737,318,000. Pacer Advisors Inc. increased its stake in Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. increased its stake in Emerson Electric by 218.7% in the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock worth $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after purchasing an additional 1,333,839 shares during the period. Finally, GAMMA Investing LLC increased its stake in 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 worth $123,503,000 after purchasing an additional 1,117,646 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of EMR stock opened at $131.77 on Thursday. 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 fifty-two week low of $90.06 and a fifty-two week high of $150.27. The firm has a market cap of $74.16 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.49 and a beta of 1.30. The business's 50 day moving average price is $136.16 and its 200-day moving average price is $123.60.

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 return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on EMR. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.72.

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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