19,080 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Vivid Wealth Management LLC

Vivid Wealth Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 19,080 shares of the industrial products company’s stock, valued at approximately $2,087,000.

Several other institutional investors have also modified their holdings of the business. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the 1st quarter worth $31,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Tributary Capital Management LLC acquired a new stake in Emerson Electric in the first quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Matrix Trust Co acquired a new position in Emerson Electric during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. Barclays lowered their price target 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. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Price Performance

Shares of EMR traded up $0.75 on Monday, reaching $108.88. The stock had a trading volume of 495,107 shares, compared to its average volume of 2,682,267. The firm has a 50-day moving average of $106.19 and a 200 day moving average of $108.96. The firm has a market capitalization of $62.29 billion, a PE ratio of 5.79, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

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, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. 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.