Wealth Alliance Invests $212,000 in Emerson Electric Co. (NYSE:EMR)

Wealth Alliance bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,921 shares of the industrial products company’s stock, valued at approximately $212,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Security National Bank acquired a new position in Emerson Electric in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $31,000. Burkett Financial Services LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EMR shares. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird upped their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, Barclays reduced their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $105.16 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $60.16 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The stock’s fifty day simple moving average is $107.04 and its two-hundred day simple moving average is $109.44. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the firm earned $1.29 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is 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.