Emerson Electric Co. (NYSE:EMR) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR – Get Rating) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,256 shares of the industrial products company’s stock after purchasing an additional 1,647 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Emerson Electric were worth $1,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Emerson Electric by 59.6% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 83,561 shares of the industrial products company’s stock worth $6,118,000 after purchasing an additional 31,189 shares during the period. Meiji Yasuda Life Insurance Co boosted its holdings in Emerson Electric by 129.4% in the third quarter. Meiji Yasuda Life Insurance Co now owns 11,483 shares of the industrial products company’s stock worth $841,000 after purchasing an additional 6,477 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Emerson Electric by 1.7% during the third quarter. SeaCrest Wealth Management LLC now owns 13,216 shares of the industrial products company’s stock valued at $968,000 after acquiring an additional 218 shares during the period. United Services Automobile Association boosted its holdings in shares of Emerson Electric by 0.3% during the third quarter. United Services Automobile Association now owns 238,376 shares of the industrial products company’s stock valued at $17,454,000 after acquiring an additional 653 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in shares of Emerson Electric during the third quarter valued at $625,000. Institutional investors and hedge funds own 71.64% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $83.09 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $88.45 and its two-hundred day moving average price is $87.73. Emerson Electric Co. has a 52 week low of $72.40 and a 52 week high of $100.00. The stock has a market cap of $47.48 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39.

Emerson Electric (NYSE:EMR – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Emerson Electric had a return on equity of 19.79% and a net margin of 25.18%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Emerson Electric’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 4.07 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $2.08 annualized dividend and a yield of 2.50%. Emerson Electric’s payout ratio is presently 26.40%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Emerson Electric from $94.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, February 9th. Citigroup reduced their price target on shares of Emerson Electric from $109.00 to $106.00 and set a “buy” rating for the company in a report on Monday, February 13th. Mizuho boosted their price target on shares of Emerson Electric from $86.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, November 30th. Oppenheimer boosted their price target on shares of Emerson Electric from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 30th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $98.43.

Emerson Electric Company Profile

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.