U.S. Capital Wealth Advisors LLC Buys 7,064 Shares of Emerson Electric Co. (NYSE:EMR)

U.S. Capital Wealth Advisors LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,114 shares of the industrial products company’s stock after buying an additional 7,064 shares during the period. Emerson Electric accounts for approximately 0.6% of U.S. Capital Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest position. U.S. Capital Wealth Advisors LLC’s holdings in Emerson Electric were worth $17,730,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EMR. American National Bank & Trust Co. VA acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $1,011,000. SG Americas Securities LLC lifted its stake in shares of Emerson Electric by 183.6% during the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after buying an additional 53,003 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after buying an additional 3,060 shares during the period. Norden Group LLC acquired a new position in Emerson Electric in the 1st quarter valued at about $4,188,000. Finally, Daiwa Securities Group Inc. raised its holdings in Emerson Electric by 17.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock valued at $11,345,000 after acquiring an additional 15,098 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EMR. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Wells Fargo & Company dropped their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays dropped their price objective on shares of 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, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $1.05 during trading on Wednesday, reaching $108.43. 548,665 shares of the company’s stock were exchanged, compared to its average volume of 2,687,083. The firm’s 50-day moving average price is $105.91 and its 200 day moving average price is $109.09. The company has a market cap of $62.03 billion, a P/E ratio of 5.86, a PEG ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Emerson Electric Company 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.