Emerson Electric Co. (NYSE:EMR) Position Increased by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 17.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,835 shares of the industrial products company’s stock after purchasing an additional 431 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Emerson Electric were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. 1858 Wealth Management LLC bought a new stake in Emerson Electric during the 2nd quarter valued at $215,000. E&G Advisors LP raised its stake in shares of Emerson Electric by 0.9% in the 2nd quarter. E&G Advisors LP now owns 11,371 shares of the industrial products company’s stock worth $1,253,000 after buying an additional 100 shares in the last quarter. Everpar Advisors LLC raised its stake in shares of Emerson Electric by 4.9% in the 2nd quarter. Everpar Advisors LLC now owns 2,635 shares of the industrial products company’s stock worth $290,000 after buying an additional 124 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its stake in shares of Emerson Electric by 3.1% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 109,916 shares of the industrial products company’s stock worth $13,066,000 after buying an additional 3,271 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of Emerson Electric by 538.3% in the 2nd quarter. Gradient Investments LLC now owns 1,117 shares of the industrial products company’s stock worth $123,000 after buying an additional 942 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.6 %

Shares of NYSE:EMR traded down $0.67 on Friday, reaching $103.09. The company had a trading volume of 3,416,285 shares, compared to its average volume of 2,703,502. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a 50-day moving average price of $110.18 and a 200 day moving average price of $109.52. The stock has a market capitalization of $58.98 billion, a P/E ratio of 5.52, a P/E/G ratio of 1.93 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.04%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EMR shares. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a report on Wednesday. Royal Bank of Canada decreased their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

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.