Shelton Wealth Management LLC Makes New Investment in Emerson Electric Co. $EMR

Key Points

• Shelton Wealth Management LLC purchased 13,802 shares of Emerson Electric Co. valued at approximately $1,840,000 during the second quarter.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, resulting in an annualized dividend yield of 1.6%.
• Analysts have raised their target prices for Emerson Electric, with Bank of America setting a new target at $155.00 and maintaining a "buy" rating.

Shelton Wealth Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,802 shares of the industrial products company's stock, valued at approximately $1,840,000.

Several other large investors also recently made changes to their positions in EMR. Wellington Management Group LLP grew its holdings in Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after buying an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after buying an additional 611,105 shares during the period. Nuveen LLC acquired a new position in Emerson Electric during the first quarter worth about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Emerson Electric by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company's stock worth $448,053,000 after purchasing an additional 223,831 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock worth $415,912,000 after buying an additional 579,653 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 0.4%

NYSE:EMR traded up $0.54 during trading hours on Monday, reaching $132.88. The company's stock had a trading volume of 3,109,131 shares, compared to its average volume of 3,140,831. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The business's 50-day moving average is $136.63 and its 200-day moving average is $123.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company 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.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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 quarter in the prior year, the company posted $1.43 EPS. The firm's revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

Analyst Ratings Changes

Several brokerages have recently commented on EMR. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Stephens lifted their target price on 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, Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.