Premier Path Wealth Partners LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Premier Path Wealth Partners LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 4.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,209 shares of the industrial products company’s stock after acquiring an additional 712 shares during the period. Premier Path Wealth Partners LLC’s holdings in Emerson Electric were worth $1,786,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EMR. Accordant Advisory Group Inc purchased a new position in Emerson Electric in the 1st quarter worth about $29,000. Security National Bank bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. grew its stake in shares of Emerson Electric by 148.0% during 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. Finally, Burkett Financial Services LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Mizuho boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.33.

Emerson Electric Stock Performance

NYSE:EMR traded up $0.27 during mid-day trading on Friday, reaching $104.63. 2,773,221 shares of the stock were exchanged, compared to its average volume of 2,692,458. The company has a 50 day simple moving average of $109.78 and a 200-day simple moving average of $109.78. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The stock has a market capitalization of $59.86 billion, a P/E ratio of 5.60, a P/E/G ratio of 1.93 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS 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 11.14% and a net margin of 64.97%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. Analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, August 16th. 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.