Premier Path Wealth Partners LLC Has $1.79 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Premier Path Wealth Partners LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,209 shares of the industrial products company’s stock after buying an additional 712 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Emerson Electric were worth $1,786,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Accordant Advisory Group Inc acquired a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $29,000. Security National Bank bought a new position in Emerson Electric during the 4th quarter worth $29,000. Cape Investment Advisory Inc. increased its position in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter worth $31,000. Finally, Burkett Financial Services LLC bought a new position in shares of Emerson Electric in the fourth quarter worth $32,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EMR. Robert W. Baird raised their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut shares of 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 research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target 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 investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $124.33.

Emerson Electric Trading Up 0.3 %

Emerson Electric stock traded up $0.27 during mid-day trading on Friday, hitting $104.63. 2,773,221 shares of the stock were exchanged, compared to its average volume of 2,692,458. 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 Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm’s fifty day simple moving average is $109.78 and its two-hundred day simple moving average is $109.78. The stock has a market capitalization of $59.86 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 1.93 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. Analysts forecast 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 paid a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.01%. Emerson Electric’s dividend payout ratio is currently 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.