AlphaStar Capital Management LLC Purchases New Position in Emerson Electric Co. $EMR

AlphaStar Capital Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, HoldingsChannel reports. The fund purchased 2,185 shares of the industrial products company’s stock, valued at approximately $291,000.

Several other institutional investors have also recently bought and sold shares of EMR. Saudi Central Bank bought a new position in Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the first quarter worth $27,000. PFS Partners LLC grew its stake in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $38,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 288 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMR shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Daiwa Capital Markets boosted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Stock Up 2.2%

EMR stock opened at $139.83 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $78.70 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29. The business has a 50-day moving average of $132.26 and a 200-day moving average of $128.53. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two 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 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.