Stratos Wealth Partners LTD. Has $1.30 Million Stake in Emerson Electric Company (EMR)
Stratos Wealth Partners LTD. boosted its stake in Emerson Electric Company (NYSE:EMR) by 6.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,756 shares of the industrial products company’s stock after buying an additional 1,383 shares during the period. Stratos Wealth Partners LTD.’s holdings in Emerson Electric were worth $1,302,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in EMR. Wellington Management Group LLP boosted its stake in Emerson Electric by 2.8% in the first quarter. Wellington Management Group LLP now owns 671,779 shares of the industrial products company’s stock valued at $40,213,000 after buying an additional 18,496 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Emerson Electric by 2.7% in the first quarter. Principal Financial Group Inc. now owns 958,306 shares of the industrial products company’s stock valued at $57,364,000 after buying an additional 24,920 shares in the last quarter. CFO4Life Group LLC purchased a new stake in Emerson Electric during the first quarter valued at about $239,000. HCR Wealth Advisors boosted its stake in Emerson Electric by 4.8% in the first quarter. HCR Wealth Advisors now owns 21,146 shares of the industrial products company’s stock valued at $1,260,000 after buying an additional 963 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Emerson Electric by 16.3% in the first quarter. Van ECK Associates Corp now owns 455,549 shares of the industrial products company’s stock valued at $27,269,000 after buying an additional 63,832 shares in the last quarter. 70.17% of the stock is currently owned by institutional investors.
Emerson Electric Company (NYSE EMR) traded down 0.63% during mid-day trading on Monday, hitting $58.19. 356,405 shares of the stock were exchanged. The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 25.97 and a beta of 1.20. The company has a 50 day moving average price of $59.67 and a 200 day moving average price of $59.78. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Analysts expect that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.28%. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.
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Several research firms have issued reports on EMR. BidaskClub cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price target on shares of Emerson Electric in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price target (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $59.71.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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