Pathway Financial Advisors LLC Has $253,000 Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Pathway Financial Advisors LLC reduced its holdings in Emerson Electric Co. by 57.3%, ending the quarter with 1,900 shares valued at $253,000.
• Emerson Electric's recent earnings report showed an EPS of $0.79 with a net margin of 14.92% and revenue of $3.16 billion.
• The company announced a quarterly dividend of $0.5275 per share, representing an annualized dividend of $2.11 and a yield of 1.7%.

Pathway Financial Advisors LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 57.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,900 shares of the industrial products company's stock after selling 2,552 shares during the period. Pathway Financial Advisors LLC's holdings in Emerson Electric were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. First Horizon Advisors Inc. lifted its stake in 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 buying an additional 5,504 shares during the period. Davis Investment Partners LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $692,000. North Capital Inc. bought a new position in Emerson Electric during the 1st quarter worth approximately $211,000. Golden State Equity Partners acquired a new position in Emerson Electric during the first quarter valued at approximately $459,000. Finally, Truist Financial Corp increased its stake in 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 purchasing an additional 18,069 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $125.99 on Monday. The company has a market cap of $70.91 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The firm has a 50-day moving average of $132.66 and a 200-day moving average of $125.34. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion during the quarter. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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 dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric's payout ratio is presently 45.38%.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. Wells Fargo & Company reissued an "equal weight" rating and issued a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Wolfe Research decreased their price objective on Emerson Electric from $173.00 to $172.00 and set an "outperform" rating for the company in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $145.56.

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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