Trueblood Wealth Management LLC Buys 121 Shares of Emerson Electric Co. $EMR

Trueblood Wealth Management LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 5.5% in the second quarter, Holdings Channel reports. The fund owned 2,338 shares of the industrial products company’s stock after purchasing an additional 121 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Emerson Electric were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter worth about $737,318,000. Pacer Advisors Inc. increased its stake in shares of Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after buying an additional 2,138,397 shares during the period. Alliancebernstein L.P. increased its stake in shares of Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after buying an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after buying an additional 1,333,839 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after buying an additional 980,652 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EMR. Daiwa Capital Markets upped their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. KeyCorp upped their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Stock Performance

NYSE:EMR opened at $134.82 on Tuesday. The company has a market capitalization of $75.88 billion, a PE ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. The company has a 50 day simple moving average of $133.84 and a two-hundred day simple moving average of $124.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.