WCG Wealth Advisors LLC Acquires New Shares in Emerson Electric Co. $EMR

WCG Wealth Advisors LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,169 shares of the industrial products company’s stock, valued at approximately $1,356,000.

A number of other hedge funds also recently made changes to their positions in EMR. Impact Capital Partners LLC lifted its stake in Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after buying an additional 71 shares in the last quarter. Jag Capital Management LLC lifted its stake in shares of Emerson Electric by 1.9% in the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of Emerson Electric by 2.9% during the 2nd 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. Finally, Petros Family Wealth LLC grew its position in Emerson Electric by 0.9% during the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after acquiring an additional 80 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Wolfe Research lifted their target price on shares of Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Jefferies Financial Group decreased their price target on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.67.

Emerson Electric Trading Down 0.0%

EMR opened at $131.92 on Wednesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a fifty day moving average of $131.34 and a 200-day moving average of $132.15. The stock has a market cap of $74.18 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.26. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The business had revenue of $3.16 billion for the quarter. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.