Taylor Hoffman Wealth Management increased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,973 shares of the industrial products company’s stock after buying an additional 211 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Emerson Electric were worth $801,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of EMR. Gradient Investments LLC boosted its position in Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 240 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 43,374 shares in the last quarter. Ellevest Inc. boosted its position in Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 220 shares in the last quarter. Larson Financial Group LLC boosted its position in Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 196 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $31,000. Institutional investors own 70.32% of the company’s stock.
EMR has been the topic of several recent research reports. Barclays lowered their price objective on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $77.00 in a research report on Monday, September 30th. Morgan Stanley upped their price objective on Emerson Electric from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank lowered their price objective on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Cowen lowered Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.00.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Emerson Electric Co. will post 3.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. Emerson Electric’s dividend payout ratio (DPR) is 53.12%.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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