Tcfg Wealth Management LLC Purchases New Shares in Emerson Electric Co. $EMR

Tcfg Wealth Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,579 shares of the industrial products company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Saudi Central Bank acquired a new stake in Emerson Electric during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the first quarter worth about $28,000. Fourth Dimension Wealth LLC grew its stake in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in Emerson Electric during the first quarter worth about $36,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 2.5%

Shares of NYSE EMR opened at $131.40 on Wednesday. The company has a 50 day simple moving average of $133.51 and a 200 day simple moving average of $124.93. The firm has a market cap of $73.95 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. 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 (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 14.92% and a return on equity of 14.34%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMR. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Stephens increased 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $144.29.

Emerson Electric Company 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.