B. Riley Wealth Advisors Inc. lifted its position in Emerson Electric Co. (NYSE:EMR – Get Rating) by 35.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,660 shares of the industrial products company’s stock after acquiring an additional 8,239 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Emerson Electric were worth $2,320,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in EMR. RB Capital Management LLC lifted its holdings in shares of Emerson Electric by 3.0% in the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 155 shares during the last quarter. Fairfield Bush & CO. purchased a new position in Emerson Electric in the 1st quarter worth about $116,000. Prudential PLC purchased a new position in Emerson Electric in the 1st quarter worth about $1,215,000. Sequoia Financial Advisors LLC increased its stake in Emerson Electric by 17.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC increased its stake in Emerson Electric by 31.8% in the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares during the period. Institutional investors own 71.64% of the company’s stock.
Analyst Upgrades and Downgrades
EMR has been the topic of several recent analyst reports. TheStreet downgraded shares of Emerson Electric from a “b+” rating to a “c+” rating in a research note on Wednesday, February 8th. Cowen reduced their price target on shares of Emerson Electric from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. Mizuho raised their target price on shares of Emerson Electric from $86.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, November 30th. Argus downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. Finally, Wells Fargo & Company raised their target price on shares of Emerson Electric from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 30th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.43.
Emerson Electric Stock Down 1.3 %
Emerson Electric (NYSE:EMR – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Emerson Electric had a return on equity of 19.79% and a net margin of 25.18%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, sell-side analysts predict that Emerson Electric Co. will post 4.07 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, February 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 26.40%.
Emerson Electric Profile
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.
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