Axxcess Wealth Management LLC Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,756 shares of the industrial products company’s stock after buying an additional 4,999 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Emerson Electric were worth $5,076,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blackston Financial Advisory Group LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at $241,000. American National Bank & Trust Co. VA purchased a new position in Emerson Electric during the 1st quarter valued at about $1,011,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Emerson Electric by 23.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after purchasing an additional 9,300 shares during the period. Capital Advisors Inc. OK boosted its stake in shares of Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Emerson Electric during the fourth quarter valued at approximately $3,358,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on EMR shares. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Barclays raised their price objective on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.44.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $2.25 during trading on Friday, hitting $116.84. 1,488,088 shares of the company’s stock were exchanged, compared to its average volume of 2,632,527. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market capitalization of $66.84 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 1.95 and a beta of 1.32. The business has a 50-day simple moving average of $111.15 and a 200-day simple moving average of $107.94.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

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.