Robertson Stephens Wealth Management LLC Raises Stock Position in Emerson Electric Co. $EMR

Key Points

• Robertson Stephens Wealth Management LLC increased its holdings in Emerson Electric Co. by 70.5%, owning 8,842 shares valued at approximately $1.18 million after purchasing additional shares in the second quarter.
• The company's latest earnings report showed $0.79 earnings per share with a net margin of 14.92%, while analysts project a fiscal year EPS of 5.96.
• Emerson Electric declared a quarterly dividend of $0.5275 per share, yielding around 1.7%, with a payout ratio of 45.38%.

Robertson Stephens Wealth Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 70.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,842 shares of the industrial products company's stock after purchasing an additional 3,655 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Emerson Electric were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $36,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $125.99 on Friday. The company's 50-day moving average price is $132.66 and its 200-day moving average price is $125.17. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $70.91 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. On average, equities research analysts forecast 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. Investors of record on Friday, August 15th were paid 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 currently 45.38%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. 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 report on Wednesday, July 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Emerson Electric in a report on Wednesday. Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Finally, KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.29.

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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