Vest Financial LLC Increases Position in Emerson Electric Co. $EMR

Key Points

• Vest Financial LLC increased its stake in Emerson Electric Co. by 27.1%, owning 540,453 shares worth approximately $72 million.
• Emerson Electric declared a quarterly dividend of $0.5275 per share, translating to an annualized yield of 1.7%.
• Several institutional investors adjusted their positions in Emerson Electric, with 74.30% of the company's stock now owned by institutional investors.

Vest Financial LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 27.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,453 shares of the industrial products company's stock after purchasing an additional 115,098 shares during the period. Emerson Electric accounts for about 1.0% of Vest Financial LLC's portfolio, making the stock its 10th biggest position. Vest Financial LLC owned 0.10% of Emerson Electric worth $72,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares in the last quarter. Davis Investment Partners LLC bought a new position in Emerson Electric in the second quarter worth approximately $692,000. North Capital Inc. bought a new position in Emerson Electric in the first quarter worth approximately $211,000. Golden State Equity Partners bought a new position in Emerson Electric in the first quarter worth approximately $459,000. Finally, Truist Financial Corp boosted its holdings in Emerson Electric by 1.7% in the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after acquiring an additional 18,069 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR opened at $125.99 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. The stock has a 50 day moving average of $132.66 and a 200 day moving average of $125.34. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

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

Emerson Electric Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Wells Fargo & Company reiterated an "equal weight" rating and issued a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Jefferies Financial Group cut their price target on Emerson Electric from $160.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Daiwa Capital Markets increased their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $145.56.

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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