Dynasty Wealth Management LLC Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Dynasty Wealth Management LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,231 shares of the industrial products company’s stock after acquiring an additional 257 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Emerson Electric were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $291,000. Thrivent Financial for Lutherans grew its holdings in shares of Emerson Electric by 10.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company’s stock worth $4,113,000 after purchasing an additional 3,177 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Emerson Electric by 1.7% during the fourth quarter. Horizon Investments LLC now owns 9,773 shares of the industrial products company’s stock worth $1,211,000 after purchasing an additional 160 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its stake in shares of Emerson Electric by 256.4% during the fourth quarter. Vinva Investment Management Ltd now owns 19,549 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 14,064 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.9%

Shares of EMR opened at $144.42 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $127.64 and a 200-day simple moving average of $119.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $144.64. The stock has a market cap of $81.24 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.46%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EMR. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $142.28.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

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.