LVW Advisors LLC Purchases 2,296 Shares of Emerson Electric Co. $EMR

Key Points

• LVW Advisors LLC increased its stake in Emerson Electric Co. by 64.7% in Q2, purchasing an additional 2,296 shares, bringing its total holdings to 5,843 shares valued at approximately $779,000.
• Emerson Electric reported $1.52 EPS for its latest quarter, slightly exceeding analysts' expectations, while revenue was $4.55 billion, reflecting a 3.9% increase year-over-year.
• The company recently declared a quarterly dividend of $0.5275 per share, with an annualized yield of 1.6% and a dividend payout ratio of 45.38%.

LVW Advisors LLC boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 64.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,843 shares of the industrial products company's stock after buying an additional 2,296 shares during the period. LVW Advisors LLC's holdings in Emerson Electric were worth $779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. First Horizon Advisors Inc. grew its holdings in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after acquiring an additional 5,504 shares in the last quarter. North Capital Inc. bought a new position in shares of Emerson Electric in the first quarter valued at approximately $211,000. Davis Investment Partners LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $692,000. Golden State Equity Partners bought a new position in shares of Emerson Electric in the first quarter valued at approximately $459,000. Finally, Truist Financial Corp grew its holdings in shares of Emerson Electric by 1.7% in the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after acquiring an additional 18,069 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 1.1%

Shares of EMR stock opened at $128.70 on Friday. 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 52-week low of $90.06 and a 52-week high of $150.27. The company has a market capitalization of $72.43 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.44 and a beta of 1.30. The business's fifty day moving average is $135.56 and its 200 day moving average is $123.94.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.60 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EMR shares. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup upped their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. KeyCorp upped their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. 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 company has an average rating of "Moderate Buy" and an average target price of $143.76.

Emerson Electric Company 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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