Northside Capital Management LLC Takes Position in Emerson Electric Co. $EMR

Key Points

• Northside Capital Management LLC acquired a new position in Emerson Electric Co., purchasing 5,350 shares valued at approximately $713,000 during the second quarter.
• Emerson Electric recently reported $1.52 earnings per share for the last quarter, exceeding analysts' estimates, while also disclosing a quarterly dividend of $0.5275 per share with a yield of 1.6%.
• Several analysts have raised their target prices for Emerson Electric, with new targets ranging from $127 to $155, indicating a generally positive outlook for the stock.

Northside Capital Management LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,350 shares of the industrial products company's stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dominguez Wealth Management Solutions Inc. grew its holdings in shares of Emerson Electric by 0.4% during the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock valued at $3,007,000 after buying an additional 84 shares in the last quarter. Opal Wealth Advisors LLC grew its stake 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 valued at $91,000 after purchasing an additional 85 shares in the last quarter. Hohimer Wealth Management LLC grew its stake 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 valued at $3,066,000 after purchasing an additional 95 shares in the last quarter. Clearstead Trust LLC grew its stake 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 valued at $154,000 after purchasing an additional 97 shares in the last quarter. Finally, One Wealth Advisors LLC grew its stake 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 valued at $202,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

NYSE EMR opened at $131.56 on Wednesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $74.04 billion, a PE ratio of 28.29, a P/E/G ratio of 2.52 and a beta of 1.30. The stock has a 50-day simple moving average of $136.33 and a 200 day simple moving average of $123.54.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed 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. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is currently 45.38%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Stephens boosted their target price 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. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two equities research 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 issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

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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