Wesbanco Bank Inc. Sells 99 Shares of Emerson Electric Co. $EMR

Wesbanco Bank Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,592 shares of the industrial products company’s stock after selling 99 shares during the period. Wesbanco Bank Inc.’s holdings in Emerson Electric were worth $3,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dominguez Wealth Management Solutions Inc. raised its stake in shares of 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 valued at $3,007,000 after acquiring an additional 84 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of Emerson Electric by 0.3% during 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 acquiring an additional 95 shares in the last quarter. Clearstead Trust LLC raised its stake in Emerson Electric by 7.4% in the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock worth $154,000 after buying an additional 97 shares in the last quarter. One Wealth Advisors LLC raised its stake in 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 worth $202,000 after buying an additional 99 shares in the last quarter. Finally, J. W. Coons Advisors LLC raised its stake in Emerson Electric by 0.8% in the first quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company’s stock worth $1,425,000 after buying an additional 100 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $135.19 on Monday. The firm has a market capitalization of $76.08 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company’s fifty day moving average price is $137.38 and its 200-day moving average price is $122.86.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on EMR. 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 research note on Tuesday, July 1st. 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 research note on Tuesday, July 1st. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.39.

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.