Van Strum & Towne Inc. Buys 2,205 Shares of Emerson Electric Co. $EMR

Key Points

• Van Strum & Towne Inc. increased its stake in Emerson Electric Co. by 4.8%, now holding 48,319 shares worth approximately $6.44 million.
• Emerson Electric reported $0.79 earnings per share (EPS) for the recent quarter, with a revenue of $3.16 billion and analysts project a fiscal year EPS of 5.96.
• The company announced a quarterly dividend of $0.5275 per share, which results in an annualized dividend yield of 1.7%.

Van Strum & Towne Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,319 shares of the industrial products company's stock after acquiring an additional 2,205 shares during the quarter. Emerson Electric comprises approximately 2.0% of Van Strum & Towne Inc.'s investment portfolio, making the stock its 16th biggest holding. Van Strum & Towne Inc.'s holdings in Emerson Electric were worth $6,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Impact Capital Partners LLC lifted its holdings in Emerson Electric by 3.9% during the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company's stock worth $255,000 after acquiring an additional 71 shares in the last quarter. Beacon Financial Advisory LLC lifted its holdings in Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company's stock worth $369,000 after acquiring an additional 77 shares in the last quarter. Petros Family Wealth LLC lifted its holdings in shares of Emerson Electric by 0.9% during the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company's stock valued at $1,243,000 after purchasing an additional 80 shares in the last quarter. Dominguez Wealth Management Solutions Inc. lifted its holdings in shares of Emerson Electric by 0.4% during the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock valued at $3,007,000 after purchasing an additional 84 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 14.1% during the 2nd quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 4.2%

Shares of NYSE:EMR opened at $125.99 on Friday. The company's 50-day moving average price is $132.66 and its two-hundred day moving average price is $125.17. 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 stock has a market capitalization of $70.91 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion for the quarter. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric's dividend payout ratio is currently 45.38%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EMR. Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Bank of America boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Emerson Electric in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $144.29.

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.

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