Angeles Wealth Management LLC Increases Stock Holdings in Emerson Electric Co. $EMR

Angeles Wealth Management LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 16.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,131 shares of the industrial products company’s stock after purchasing an additional 295 shares during the period. Angeles Wealth Management LLC’s holdings in Emerson Electric were worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Impact Capital Partners LLC grew its stake in Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after buying an additional 71 shares during the last quarter. Jag Capital Management LLC lifted its position in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after acquiring an additional 72 shares during the period. Beacon Financial Advisory LLC lifted its position in Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 77 shares during the period. Petros Family Wealth LLC lifted its holdings in shares of Emerson Electric by 0.9% in the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after buying an additional 80 shares during the period. Finally, Orca Investment Management LLC lifted its holdings in shares of Emerson Electric by 2.0% in the 2nd quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock valued at $559,000 after buying an additional 81 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $129.34 on Friday. The business has a 50 day simple moving average of $131.93 and a two-hundred day simple moving average of $125.90. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a market capitalization of $72.79 billion, a P/E ratio of 27.81, a PEG ratio of 2.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion during the quarter. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EMR shares. Stephens boosted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada upped their price target on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group reduced their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Wolfe Research reduced their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

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.