Emerson Electric Co. $EMR Shares Purchased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Emerson Electric Co. by 1.6%, now holding 166,997 shares valued at approximately $22.27 million.
• Emerson Electric reported a quarterly EPS of $1.52, slightly beating analysts' expectations, despite total revenue of $4.55 billion, which fell short of forecasted estimates.
• Several brokerages have raised their price targets for Emerson Electric, with Citigroup boosting it from $146 to $165 and maintaining a "buy" rating.

U.S. Capital Wealth Advisors LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,997 shares of the industrial products company's stock after purchasing an additional 2,652 shares during the quarter. Emerson Electric comprises approximately 0.7% of U.S. Capital Wealth Advisors LLC's investment portfolio, making the stock its 29th largest holding. U.S. Capital Wealth Advisors LLC's holdings in Emerson Electric were worth $22,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dominguez Wealth Management Solutions Inc. increased its holdings in Emerson Electric by 0.4% during the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock worth $3,007,000 after buying an additional 84 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after buying an additional 95 shares during the last quarter. Clearstead Trust LLC lifted its holdings in shares of Emerson Electric by 7.4% during the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock worth $154,000 after acquiring an additional 97 shares during the last quarter. One Wealth Advisors LLC increased its stake in Emerson Electric by 5.7% in the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock valued at $202,000 after acquiring an additional 99 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its position in Emerson Electric by 0.8% during the first quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock valued at $1,425,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Stephens increased 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. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.54 during trading hours on Monday, hitting $132.88. The stock had a trading volume of 3,109,301 shares, compared to its average volume of 2,779,784. The stock's 50-day moving average price is $136.49 and its two-hundred day moving average price is $123.49. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The stock has a market capitalization of $74.78 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.51 and a beta of 1.30. 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 results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm 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%.The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

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.