Emerson Electric Co. $EMR Shares Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 36.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,984 shares of the industrial products company’s stock after buying an additional 799 shares during the period. Pure Financial Advisors LLC’s holdings in Emerson Electric were worth $398,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in Emerson Electric in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC lifted its stake in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. purchased a new position in Emerson Electric in the 1st quarter worth approximately $36,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EMR shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Saturday, September 27th. Finally, Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.88.

Emerson Electric Stock Up 1.3%

Shares of NYSE EMR opened at $134.79 on Friday. The firm has a market cap of $75.86 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business’s 50 day moving average is $134.13 and its two-hundred day moving average is $124.55.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s payout ratio is presently 45.38%.

Emerson Electric Company 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.