Kestra Advisory Services LLC Has $21.28 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Kestra Advisory Services LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,615 shares of the industrial products company’s stock after purchasing an additional 16,839 shares during the period. Kestra Advisory Services LLC’s holdings in Emerson Electric were worth $21,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PFG Advisors increased its holdings in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 96 shares in the last quarter. Lake Street Private Wealth LLC boosted its position in Emerson Electric by 2.3% in the 1st quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock valued at $500,000 after buying an additional 99 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Emerson Electric by 1.7% in the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock valued at $695,000 after buying an additional 100 shares during the last quarter. Financial Advocates Investment Management boosted its position in Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after buying an additional 101 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Emerson Electric by 1.3% in the 1st quarter. Manchester Capital Management LLC now owns 7,992 shares of the industrial products company’s stock valued at $906,000 after buying an additional 102 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 2.0 %

Shares of EMR traded up $2.25 during midday trading on Friday, hitting $116.84. The stock had a trading volume of 1,488,603 shares, compared to its average volume of 2,255,435. The company has a 50 day simple moving average of $111.23 and a two-hundred day simple moving average of $108.18. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The firm has a market cap of $66.84 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Analysts Set New Price Targets

A number of research analysts have commented on EMR shares. Wells Fargo & Company increased their price objective on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday. Loop Capital increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and raised their price target for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Finally, Mizuho raised their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $123.44.

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.