Apexium Financial LP Buys Shares of 1,650 Emerson Electric Co. $EMR

Apexium Financial LP purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,650 shares of the industrial products company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently modified their holdings of EMR. Brighton Jones LLC boosted its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Magnus Financial Group LLC boosted its stake in shares of Emerson Electric by 7.9% in the first quarter. Magnus Financial Group LLC now owns 1,892 shares of the industrial products company’s stock valued at $207,000 after buying an additional 138 shares in the last quarter. Impact Capital Partners LLC boosted its stake in shares of Emerson Electric by 9.3% in the first 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. Sara Bay Financial boosted its stake in shares of Emerson Electric by 1.7% in the first quarter. Sara Bay Financial now owns 24,571 shares of the industrial products company’s stock valued at $2,669,000 after buying an additional 412 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Emerson Electric by 5.6% in the first 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. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EMR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Stock Performance

NYSE EMR opened at $134.79 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market cap of $75.86 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29. The business has a fifty day moving average of $134.13 and a 200-day moving average of $124.64. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 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.