Brown Miller Wealth Management LLC Has $302,000 Holdings in Emerson Electric Co. $EMR

Brown Miller Wealth Management LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 8.1% during the second quarter, HoldingsChannel.com reports. The fund owned 2,265 shares of the industrial products company’s stock after selling 199 shares during the period. Brown Miller Wealth Management LLC’s holdings in Emerson Electric were worth $302,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of Emerson Electric by 7.9% during the first quarter. Magnus Financial Group LLC now owns 1,892 shares of the industrial products company’s stock worth $207,000 after buying an additional 138 shares during the last quarter. Impact Capital Partners LLC increased its holdings in shares of Emerson Electric by 9.3% during the first quarter. Impact Capital Partners LLC now owns 1,838 shares of the industrial products company’s stock worth $202,000 after buying an additional 156 shares in the last quarter. Sara Bay Financial lifted its stake in shares of Emerson Electric by 1.7% in the 1st quarter. Sara Bay Financial now owns 24,571 shares of the industrial products company’s stock valued at $2,669,000 after acquiring an additional 412 shares during the last quarter. Finally, Wedmont Private Capital grew its position in Emerson Electric by 5.6% during the 1st quarter. Wedmont Private Capital now owns 5,621 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 297 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $134.79 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $75.86 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.37 and a beta of 1.29. The company’s fifty day simple moving average is $134.13 and its 200 day simple moving average is $124.64. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on EMR shares. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.88.

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.