SVB Wealth LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

SVB Wealth LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 4.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,401 shares of the industrial products company’s stock after purchasing an additional 405 shares during the quarter. SVB Wealth LLC’s holdings in Emerson Electric were worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in Emerson Electric during the 1st quarter valued at $31,000. Price T Rowe Associates Inc. MD increased its holdings in Emerson Electric by 15.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock worth $125,515,000 after buying an additional 149,446 shares in the last quarter. BOKF NA raised its position in Emerson Electric by 22.0% in the 1st quarter. BOKF NA now owns 222,919 shares of the industrial products company’s stock worth $25,310,000 after buying an additional 40,161 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Emerson Electric by 9.9% during the 1st quarter. Kestra Advisory Services LLC now owns 187,615 shares of the industrial products company’s stock valued at $21,279,000 after acquiring an additional 16,839 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Emerson Electric in the first quarter worth approximately $617,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Wells Fargo & Company raised their price target on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Robert W. Baird lowered their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays raised their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Trading Up 0.6 %

Shares of NYSE:EMR traded up $0.72 during trading hours on Tuesday, hitting $118.52. 605,953 shares of the company’s stock traded hands, compared to its average volume of 2,613,536. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The business has a fifty day moving average price of $111.31 and a 200-day moving average price of $108.44. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm has a market capitalization of $67.81 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. Equities analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.77%. Emerson Electric’s dividend 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.