Occidental Asset Management LLC Acquires 1,394 Shares of Emerson Electric Co. (NYSE:EMR)

Occidental Asset Management LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,397 shares of the industrial products company’s stock after acquiring an additional 1,394 shares during the period. Occidental Asset Management LLC’s holdings in Emerson Electric were worth $2,386,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Buckley Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $410,000. New Hampshire Trust increased its position in shares of Emerson Electric by 7.7% during the second quarter. New Hampshire Trust now owns 9,628 shares of the industrial products company’s stock worth $870,000 after buying an additional 687 shares during the period. Ferguson Wellman Capital Management Inc. grew its holdings in Emerson Electric by 4.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 346,130 shares of the industrial products company’s stock worth $31,287,000 after purchasing an additional 15,863 shares during the period. Flagship Harbor Advisors LLC grew its holdings in Emerson Electric by 1.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,247 shares of the industrial products company’s stock worth $745,000 after purchasing an additional 111 shares during the period. Finally, Allied Investment Advisors LLC grew its holdings in Emerson Electric by 3.8% in the second quarter. Allied Investment Advisors LLC now owns 95,399 shares of the industrial products company’s stock worth $8,623,000 after purchasing an additional 3,461 shares during the period. Institutional investors own 72.02% of the company’s stock.

Insider Activity

In other news, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lisa Flavin sold 48,718 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the sale, the vice president now directly owns 51,748 shares of the company’s stock, valued at approximately $4,639,208.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR traded up $1.24 during trading hours on Monday, hitting $100.10. The company’s stock had a trading volume of 564,161 shares, compared to its average volume of 3,181,019. The company has a market cap of $57.45 billion, a price-to-earnings ratio of 4.36, a PEG ratio of 2.31 and a beta of 1.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07. The business has a 50 day simple moving average of $95.35 and a two-hundred day simple moving average of $88.21. Emerson Electric Co. has a 52-week low of $72.40 and a 52-week high of $100.62.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.09 by $0.20. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. On average, equities analysts expect that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were paid a $0.52 dividend. The ex-dividend date was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.08%. Emerson Electric’s dividend payout ratio (DPR) is 9.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Monday, August 28th. Royal Bank of Canada raised their price target on shares of Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday. Mizuho lifted their price objective on shares of Emerson Electric from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Morgan Stanley lifted their price objective on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.