USA Financial Formulas Reduces Stock Position in Emerson Electric Co. $EMR

USA Financial Formulas lowered its position in Emerson Electric Co. (NYSE:EMR) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,420 shares of the industrial products company’s stock after selling 237 shares during the quarter. USA Financial Formulas’ holdings in Emerson Electric were worth $189,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Impact Capital Partners LLC increased 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 worth $255,000 after purchasing an additional 71 shares during the period. Dominguez Wealth Management Solutions Inc. increased 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 worth $3,007,000 after purchasing an additional 84 shares during the period. Opal Wealth Advisors LLC increased 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 worth $91,000 after purchasing an additional 85 shares during the period. Hohimer Wealth Management LLC increased its stake in 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 during the last quarter. Finally, Clearstead Trust LLC increased its stake in Emerson Electric by 7.4% in the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $132.90 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $134.43 and a 200-day moving average of $124.39. The firm has a market cap of $74.79 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.31 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.

Emerson Electric (NYSE:EMR) last posted its 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. The company 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%. Emerson Electric’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. 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 45.38%.

Analysts Set New Price Targets

A number of research analysts recently commented on EMR shares. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Daiwa Capital Markets increased their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday. Two research 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 given a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.88.

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.