Comprehensive Financial Consultants Institutional Inc. Acquires 135 Shares of Emerson Electric Co. $EMR

Comprehensive Financial Consultants Institutional Inc. boosted its position in Emerson Electric Co. (NYSE:EMR) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,026 shares of the industrial products company’s stock after acquiring an additional 135 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Emerson Electric were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Brighton Jones LLC raised its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. Magnus Financial Group LLC raised its stake in Emerson Electric by 7.9% in the 1st quarter. Magnus Financial Group LLC now owns 1,892 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 138 shares during the period. Impact Capital Partners LLC grew its holdings in Emerson Electric by 9.3% during the 1st quarter. Impact Capital Partners LLC now owns 1,838 shares of the industrial products company’s stock valued at $202,000 after buying an additional 156 shares in the last quarter. Wedmont Private Capital grew its holdings in Emerson Electric by 5.6% during the 1st quarter. Wedmont Private Capital now owns 5,621 shares of the industrial products company’s stock valued at $565,000 after buying an additional 297 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. purchased a new position in Emerson Electric during the 1st quarter valued at about $419,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.88.

Emerson Electric Stock Up 1.3%

Shares of EMR opened at $134.79 on Monday. The firm has a market cap of $75.86 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. The stock has a 50 day simple moving average of $134.13 and a two-hundred day simple moving average of $124.73. 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.

Emerson Electric (NYSE:EMR) last issued its 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. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 paid a dividend of $0.5275 per share. 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 dividend payout ratio is 45.38%.

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.