Ashton Thomas Private Wealth LLC Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Ashton Thomas Private Wealth LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 37.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,457 shares of the industrial products company’s stock after buying an additional 4,188 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Emerson Electric were worth $1,703,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EMR. Security National Bank purchased a new stake in Emerson Electric during the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. increased its position in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $31,000. Burkett Financial Services LLC bought a new position in Emerson Electric in the 4th quarter valued at approximately $32,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 1.4 %

EMR stock opened at $99.58 on Tuesday. The business’s 50-day moving average price is $108.52 and its 200-day moving average price is $109.75. The stock has a market cap of $57.03 billion, a P/E ratio of 5.33, a PEG ratio of 1.63 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

Emerson Electric (NYSE:EMR) last issued 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 for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, equities research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.11%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EMR. Royal Bank of Canada dropped 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. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Redburn Atlantic started coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Barclays lowered their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.06.

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.