Livelsberger Financial Advisory Makes New $119,000 Investment in Emerson Electric Co. $EMR

Livelsberger Financial Advisory bought a new position in Emerson Electric Co. (NYSE:EMR) in the second quarter, Holdings Channel reports. The firm bought 893 shares of the industrial products company’s stock, valued at approximately $119,000. Emerson Electric makes up about 2.3% of Livelsberger Financial Advisory’s investment portfolio, making the stock its 14th largest position.

Other hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric in the fourth quarter valued at $27,000. Saudi Central Bank purchased a new position in shares of Emerson Electric in the first quarter valued at $25,000. Ameriflex Group Inc. purchased a new position in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric in the first quarter valued at $27,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.7%

Shares of EMR stock opened at $135.19 on Monday. 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 business has a 50-day moving average price of $137.38 and a two-hundred day moving average price of $122.86. 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 $76.08 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.30.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

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

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.