LVW Advisors LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

LVW Advisors LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 55.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,238 shares of the industrial products company’s stock after purchasing an additional 1,512 shares during the quarter. LVW Advisors LLC’s holdings in Emerson Electric were worth $481,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EMR. Tobam increased its position in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Security National Bank bought a new position in Emerson Electric during the fourth quarter valued at $29,000. Cape Investment Advisory Inc. increased its position in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the last quarter. Burkett Financial Services LLC bought a new position in Emerson Electric during the fourth quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Emerson Electric during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Mizuho boosted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Citigroup upped their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Bank of America upped their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric Stock Performance

EMR stock opened at $108.00 on Tuesday. The firm has a market cap of $61.79 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 1.88 and a beta of 1.32. The firm has a 50-day simple moving average of $110.00 and a two-hundred day simple moving average of $105.79. Emerson Electric Co. has a one year low of $83.10 and a one year high of $116.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

Emerson Electric 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.