Simplicity Wealth LLC Acquires 8,141 Shares of Emerson Electric Co. $EMR

Key Points

• Simplicity Wealth LLC increased its holdings in Emerson Electric Co. by 62.5%, acquiring 8,141 shares during the 2nd quarter, bringing its total to 21,172 shares valued at $2.83 million.
• Emerson Electric reported $1.52 earnings per share for the last quarter, slightly surpassing analysts' expectations, and a 3.9% year-over-year revenue growth totaling $4.55 billion.
• The company declared a quarterly dividend of $0.5275 per share, which equates to an annualized yield of 1.6%, reflecting a dividend payout ratio of 45.38%.

Simplicity Wealth LLC grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 62.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,172 shares of the industrial products company's stock after purchasing an additional 8,141 shares during the period. Simplicity Wealth LLC's holdings in Emerson Electric were worth $2,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EMR. Saudi Central Bank purchased a new stake in Emerson Electric during the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC grew its stake in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Finally, PFS Partners LLC lifted its stake in Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock worth $36,000 after purchasing an additional 108 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 1.3%

Shares of NYSE EMR opened at $134.79 on Monday. The stock has a market capitalization of $75.86 billion, a P/E ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. 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 Co. has a one year low of $90.06 and a one year high of $150.27. The firm's 50 day simple moving average is $134.13 and its two-hundred day simple moving average is $124.73.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. 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 presently 45.38%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EMR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday. Stephens raised their price target 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 lifted 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. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.88.

Emerson Electric Company 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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