Emerson Electric Co. $EMR Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,668 shares of the industrial products company’s stock after purchasing an additional 1,473 shares during the quarter. Merit Financial Group LLC’s holdings in Emerson Electric were worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EMR. Impact Capital Partners LLC boosted its holdings in shares of Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 71 shares in the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 77 shares in the last quarter. Dominguez Wealth Management Solutions Inc. boosted its holdings in shares of Emerson Electric by 0.4% in 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. Opal Wealth Advisors LLC boosted its holdings in shares of Emerson Electric by 14.1% in the second quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 85 shares in the last quarter. Finally, Hohimer Wealth Management LLC boosted its holdings in shares of Emerson Electric by 0.3% in 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. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens raised their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday. Finally, Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Trading Down 2.5%

Emerson Electric stock opened at $131.40 on Wednesday. The company has a 50 day moving average price of $133.51 and a 200 day moving average price of $124.93. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. 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 firm has a market capitalization of $73.95 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.34 and a beta of 1.29.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid 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 dividend payout ratio (DPR) 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.