Sequoia Financial Advisors LLC Grows Position in Emerson Electric Co. $EMR

Key Points

• Sequoia Financial Advisors LLC increased its stake in Emerson Electric Co. by 13.9% in Q2, holding 22,456 shares valued at nearly $3 million.
• Investment activity among hedge funds is significant, with Brighton Jones LLC increasing its holdings by 74.1% and other firms also boosting their positions in Emerson Electric.
• Wall Street analysts have raised price targets for Emerson Electric, with an average target now at $146.56 and the stock receiving a consensus rating of "Moderate Buy".

Sequoia Financial Advisors LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,456 shares of the industrial products company's stock after buying an additional 2,742 shares during the period. Sequoia Financial Advisors LLC's holdings in Emerson Electric were worth $2,994,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EMR. Brighton Jones LLC boosted its holdings 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 during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company's stock worth $1,126,000 after purchasing an additional 1,479 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Emerson Electric by 15.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 347,763 shares of the industrial products company's stock worth $38,129,000 after purchasing an additional 46,998 shares during the last quarter. Mission Wealth Management LP boosted its holdings in shares of Emerson Electric by 29.1% during the first quarter. Mission Wealth Management LP now owns 2,101 shares of the industrial products company's stock worth $230,000 after purchasing an additional 473 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in shares of Emerson Electric during the first quarter worth $1,224,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Wells Fargo & Company reissued an "equal weight" rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Finally, Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.56.

Emerson Electric Trading Up 0.2%

Shares of EMR opened at $130.08 on Thursday. The stock's 50-day moving average is $132.08 and its two-hundred day moving average is $125.54. The stock has a market cap of $73.21 billion, a PE ratio of 27.98, a P/E/G ratio of 2.25 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month 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 quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.