Venture Visionary Partners LLC Has $780,000 Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Venture Visionary Partners LLC has increased its stake in Emerson Electric Co. by 64.5%, owning 5,848 shares currently valued at $780,000.
• Emerson Electric recently declared a quarterly dividend of $0.5275, with an annualized yield of 1.6% and a payout ratio of 45.38%.
• Analysts have upgraded Emerson Electric's stock ratings, with new price targets ranging from $135.00 to $155.00, reflecting strong market confidence.

Venture Visionary Partners LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 64.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,848 shares of the industrial products company's stock after acquiring an additional 2,294 shares during the quarter. Venture Visionary Partners LLC's holdings in Emerson Electric were worth $780,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dominguez Wealth Management Solutions Inc. increased its position 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 acquiring an additional 84 shares during the period. Opal Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 14.1% during the second quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company's stock valued at $91,000 after acquiring an additional 85 shares during the period. Hohimer Wealth Management LLC boosted its position in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after buying an additional 95 shares in the last quarter. Clearstead Trust LLC grew its position in 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. Finally, One Wealth Advisors LLC increased its stake in shares of 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 buying an additional 99 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $131.18 on Wednesday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market cap of $73.83 billion, a P/E ratio of 28.21, a P/E/G ratio of 2.45 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company's 50-day moving average price is $135.02 and its two-hundred day moving average price is $124.21.

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

Emerson Electric Announces Dividend

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

Analysts Set New Price Targets

EMR has been the subject of several research reports. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.76.

Emerson Electric 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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