Waterfront Wealth Inc. Has $1.24 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Waterfront Wealth Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,244 shares of the industrial products company’s stock after purchasing an additional 260 shares during the quarter. Waterfront Wealth Inc.’s holdings in Emerson Electric were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its holdings in shares of Emerson Electric by 4.8% in the fourth quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after buying an additional 199 shares during the period. Mission Wealth Management LP lifted its holdings in shares of Emerson Electric by 47.0% in the fourth quarter. Mission Wealth Management LP now owns 3,529 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 1,129 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Emerson Electric by 28.1% in the fourth quarter. Great Valley Advisor Group Inc. now owns 16,454 shares of the industrial products company’s stock valued at $1,602,000 after purchasing an additional 3,611 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Emerson Electric by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 215,711 shares of the industrial products company’s stock valued at $20,995,000 after purchasing an additional 5,408 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Emerson Electric by 0.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 627,353 shares of the industrial products company’s stock valued at $61,060,000 after purchasing an additional 2,568 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR traded up $1.30 during trading hours on Friday, reaching $105.39. The stock had a trading volume of 3,476,241 shares, compared to its average volume of 3,082,561. The stock has a market capitalization of $60.36 billion, a PE ratio of 5.64, a PEG ratio of 1.75 and a beta of 1.32. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company’s 50-day moving average is $109.40 and its two-hundred day moving average is $109.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $1.29 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.99%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

A number of analysts have recently commented on EMR shares. Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.18.

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.