Salvus Wealth Management LLC Invests $423,000 in Emerson Electric Co. $EMR

Key Points

• Salvus Wealth Management LLC has acquired a new stake in Emerson Electric Co., purchasing 3,175 shares valued at approximately $423,000 in the second quarter.
• Emerson Electric recently topped quarterly earnings estimates, reporting $1.52 EPS while achieving revenue of $4.55 billion, which was slightly below expectations.
• The company declared a quarterly dividend of $0.5275 per share, reflecting a yield of 1.6% and a payout ratio of 45.38%.

Salvus Wealth Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,175 shares of the industrial products company's stock, valued at approximately $423,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in shares of Emerson Electric by 1.4% in the 4th quarter. North Star Asset Management Inc. now owns 10,632 shares of the industrial products company's stock valued at $1,318,000 after purchasing an additional 150 shares in the last quarter. Forum Financial Management LP boosted its position in Emerson Electric by 19.9% during the 4th quarter. Forum Financial Management LP now owns 5,732 shares of the industrial products company's stock worth $710,000 after buying an additional 953 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Emerson Electric by 37.6% in the 4th quarter. Mackenzie Financial Corp now owns 69,225 shares of the industrial products company's stock valued at $8,579,000 after purchasing an additional 18,924 shares during the period. Finally, United Advisor Group LLC lifted its holdings in shares of Emerson Electric by 14.9% in the 4th quarter. United Advisor Group LLC now owns 2,986 shares of the industrial products company's stock worth $370,000 after purchasing an additional 388 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Up 0.4%

Shares of NYSE:EMR traded up $0.54 during midday trading on Monday, reaching $132.88. The company's stock had a trading volume of 3,109,301 shares, compared to its average volume of 2,779,784. The firm has a market cap of $74.78 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.30. The business has a 50 day moving average price of $136.49 and a 200 day moving average price of $123.49. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year 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.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is 45.38%.

Analysts Set New Price Targets

A number of research firms have weighed in on EMR. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Stephens boosted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

About Emerson Electric

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.