BerganKDV Wealth Management LLC Has $2.77 Million Stake in Emerson Electric Co. (NYSE:EMR)

BerganKDV Wealth Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,232 shares of the industrial products company’s stock after buying an additional 2,912 shares during the period. BerganKDV Wealth Management LLC’s holdings in Emerson Electric were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EMR. FSB Premier Wealth Management Inc. acquired a new position in Emerson Electric during the fourth quarter worth $35,000. Credit Agricole S A bought a new position in Emerson Electric during the fourth quarter worth $35,000. Riverview Trust Co boosted its position in Emerson Electric by 404.1% during the first quarter. Riverview Trust Co now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 295 shares during the period. Gibson Wealth Advisors LLC bought a new position in Emerson Electric during the fourth quarter worth $37,000. Finally, Retirement Planning Co of New England Inc. bought a new position in Emerson Electric during the fourth quarter worth $41,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR traded up $0.80 on Friday, hitting $90.39. 2,425,569 shares of the stock were exchanged, compared to its average volume of 2,268,412. Emerson Electric Co. has a 12 month low of $76.16 and a 12 month high of $105.99. The business has a 50-day moving average of $84.02 and a two-hundred day moving average of $89.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.38. The firm has a market capitalization of $53.69 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.09 and a beta of 1.41.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.11. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Emerson Electric had a net margin of 15.16% and a return on equity of 27.72%. Emerson Electric’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. Sell-side analysts forecast that Emerson Electric Co. will post 5.05 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, August 11th. Emerson Electric’s payout ratio is 43.10%.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Credit Suisse Group set a $107.00 price objective on shares of Emerson Electric in a research report on Tuesday, July 19th. Citigroup reduced their price objective on shares of Emerson Electric from $119.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Emerson Electric from $110.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. JPMorgan Chase & Co. began coverage on shares of Emerson Electric in a research report on Thursday, July 7th. They issued a “neutral” rating and a $80.00 target price for the company. Finally, Oppenheimer reduced their target price on shares of Emerson Electric from $115.00 to $110.00 in a research report on Monday, May 9th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.50.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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