Chesapeake Wealth Management Buys 100 Shares of Emerson Electric Co. (NYSE:EMR)

Chesapeake Wealth Management increased its stake in Emerson Electric Co. (NYSE:EMR) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,930 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. Chesapeake Wealth Management’s holdings in Emerson Electric were worth $213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrive Wealth Management LLC grew its holdings in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 91 shares during the period. LCM Capital Management Inc grew its stake in shares of Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares during the period. Sabal Trust CO lifted its stake in shares of Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC boosted its holdings in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after buying an additional 94 shares during the last quarter. Finally, PFG Advisors grew its position in Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after buying an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 0.7 %

EMR opened at $105.16 on Friday. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $107.04 and a two-hundred day simple moving average of $109.45. The company has a market capitalization 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.

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 the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. Analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.00%. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EMR shares. Redburn Atlantic assumed coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Royal Bank of Canada lowered their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.29.

About Emerson Electric

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.