LVW Advisors LLC Has $533,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

LVW Advisors LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 14.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,841 shares of the industrial products company’s stock after purchasing an additional 603 shares during the period. LVW Advisors LLC’s holdings in Emerson Electric were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EMR. Accordant Advisory Group Inc acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $31,000. Tobam raised its holdings in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Security National Bank bought a new stake in Emerson Electric during the 4th quarter worth approximately $29,000. Finally, Tributary Capital Management LLC bought a new stake in Emerson Electric during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Oppenheimer decreased their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird increased their price target on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Barclays cut their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Mizuho increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $123.89.

Emerson Electric Stock Up 0.0 %

Shares of EMR traded up $0.02 during midday trading on Tuesday, hitting $103.09. The stock had a trading volume of 434,415 shares, compared to its average volume of 2,673,176. The company has a 50 day simple moving average of $110.46 and a two-hundred day simple moving average of $109.38. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The firm has a market cap of $58.98 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

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

Emerson Electric Dividend Announcement

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

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.