Emerson Electric Co. $EMR Stock Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,683 shares of the industrial products company’s stock after purchasing an additional 3,682 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Emerson Electric were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. ABS Investment Management LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter worth $858,900,000. William Mack & Associates Inc. purchased a new position in shares of Emerson Electric during the third quarter valued at $25,000. Financial Management Professionals Inc. increased its stake in shares of Emerson Electric by 100.0% during the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after buying an additional 86 shares during the period. Next Level Wealth Planning LLC bought a new stake in shares of Emerson Electric in the third quarter valued at about $27,000. Finally, Quest 10 Wealth Builders Inc. raised its holdings in shares of Emerson Electric by 113.3% in the third quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 102 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $167.18 on Thursday. The company has a 50 day moving average of $158.89 and a two-hundred day moving average of $147.90. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $172.00. The company has a market cap of $91.72 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 7.37 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be given a dividend of $0.5950 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.38 annualized dividend and a yield of 1.4%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. Emerson Electric’s dividend payout ratio is currently 46.44%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. HSBC upped their price objective on shares of Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. Weiss Ratings raised shares of Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. KeyCorp boosted their price target on shares of Emerson Electric from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Rothschild & Co Redburn upped their price target on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $188.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.