West Oak Capital LLC Raises Position in Emerson Electric Co. $EMR

Key Points

• West Oak Capital LLC raised its stake in Emerson Electric Co. by 13.1%, now holding 23,675 shares valued at approximately $3.16 million, making it the firm’s 22nd largest position.
• Emerson Electric received several positive analyst upgrades, with Bank of America increasing its target price from $130 to $155 and issuing a "buy" rating, contributing to a consensus rating of "Moderate Buy" for the stock.
• The company recently announced a quarterly dividend of $0.5275, representing a 1.6% dividend yield and a payout ratio of 45.38%.

West Oak Capital LLC boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 13.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,675 shares of the industrial products company's stock after buying an additional 2,747 shares during the period. Emerson Electric accounts for approximately 1.2% of West Oak Capital LLC's portfolio, making the stock its 22nd largest position. West Oak Capital LLC's holdings in Emerson Electric were worth $3,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in shares of Emerson Electric by 2.7% during the first 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 during the last quarter. North Capital Inc. purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $211,000. Davis Investment Partners LLC purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $692,000. Golden State Equity Partners purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $459,000. Finally, Truist Financial Corp lifted its holdings in shares of Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after purchasing an additional 18,069 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EMR shares. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Stephens lifted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Up 0.4%

Shares of Emerson Electric stock opened at $132.88 on Tuesday. The company has a market capitalization of $74.78 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company has a fifty day moving average of $136.49 and a 200 day moving average of $123.49. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its 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 company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

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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