RWA Wealth Partners LLC Sells 1,969 Shares of Emerson Electric Co. $EMR

Key Points

• RWA Wealth Partners LLC sold 1,969 shares of Emerson Electric Co., reducing its holdings by 6.0% and leaving them with a total of 31,059 shares valued at approximately $3,405,000.
• Emerson Electric reported quarterly earnings with earnings per share of $1.52, slightly exceeding expectations of $1.51, while its revenue of $4.55 billion fell short of the estimated $4.60 billion.
• The company recently announced a quarterly dividend of $0.5275 per share, which offers a 1.6% dividend yield based on its payout ratio of 45.38%.

RWA Wealth Partners LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,059 shares of the industrial products company's stock after selling 1,969 shares during the quarter. RWA Wealth Partners LLC's holdings in Emerson Electric were worth $3,405,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. grew its holdings in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after acquiring an additional 434 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after purchasing an additional 5,504 shares during the last quarter. North Capital Inc. bought a new stake in Emerson Electric during the 1st quarter worth about $211,000. Zurich Insurance Group Ltd FI bought a new stake in Emerson Electric during the 4th quarter worth about $3,003,000. Finally, Golden State Equity Partners bought a new stake in Emerson Electric during the 1st quarter worth about $459,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Trading Up 2.7%

Shares of Emerson Electric stock traded up $3.5360 during trading hours on Friday, hitting $133.6260. The company's stock had a trading volume of 3,643,223 shares, compared to its average volume of 3,837,648. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a 50 day moving average of $137.06 and a 200 day moving average of $121.91. The company has a market capitalization of $75.20 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32. 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 announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) 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 company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts predict 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 will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's payout ratio is 45.38%.

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.