Massachusetts Wealth Management Grows Stock Position in Emerson Electric Co. $EMR

Massachusetts Wealth Management lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,483 shares of the industrial products company’s stock after purchasing an additional 472 shares during the period. Emerson Electric comprises approximately 1.5% of Massachusetts Wealth Management’s holdings, making the stock its 23rd biggest position. Massachusetts Wealth Management’s holdings in Emerson Electric were worth $2,598,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new position in shares of Emerson Electric in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the 1st quarter valued at approximately $28,000. Fourth Dimension Wealth LLC grew its stake in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares during the period. Finally, PFS Partners LLC grew its stake in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EMR shares. Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Daiwa Capital Markets boosted 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 boosted 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two equities 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 assigned a Sell rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Trading Up 1.2%

EMR stock opened at $133.10 on Thursday. The firm has a fifty day moving average price of $133.25 and a 200 day moving average price of $124.98. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $74.91 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

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

Emerson Electric Announces Dividend

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

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.