Robertson Stephens Wealth Management LLC Grows Position in Emerson Electric Co. $EMR

Robertson Stephens Wealth Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 70.5% in the second quarter, Holdings Channel.com reports. The firm owned 8,842 shares of the industrial products company’s stock after purchasing an additional 3,655 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Emerson Electric were worth $1,179,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in Emerson Electric in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the 1st quarter valued at about $28,000. Fourth Dimension Wealth LLC boosted its position 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 valued at $29,000 after buying an additional 154 shares during the period. Finally, PFS Partners LLC boosted its position in Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 4.2%

NYSE EMR opened at $125.99 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 $70.91 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a 50 day moving average price of $132.66 and a 200 day moving average price of $125.17. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Daiwa Capital Markets boosted their price objective 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 Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $144.29.

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.