GC Wealth Management RIA LLC Increases Stake in Emerson Electric Co. $EMR

GC Wealth Management RIA LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 88.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,881 shares of the industrial products company’s stock after buying an additional 3,226 shares during the period. GC Wealth Management RIA LLC’s holdings in Emerson Electric were worth $917,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Emerson Electric during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in Emerson Electric during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Bank of America raised their price objective 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 research report on Tuesday, July 8th. Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $143.76.

Emerson Electric Stock Performance

Shares of EMR opened at $129.22 on Tuesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a market capitalization of $72.73 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 1.30. 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 company’s fifty day moving average is $135.29 and its two-hundred day moving average is $124.16.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The business 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 revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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