Angeles Wealth Management LLC Purchases 295 Shares of Emerson Electric Co. $EMR

Angeles Wealth Management LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,131 shares of the industrial products company’s stock after buying an additional 295 shares during the period. Angeles Wealth Management LLC’s holdings in Emerson Electric were worth $284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $28,000. Fourth Dimension Wealth LLC lifted its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, PFS Partners LLC lifted its stake in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wolfe Research lowered their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Finally, Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Trading Up 0.3%

Shares of NYSE EMR opened at $129.34 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $131.93 and a two-hundred day simple moving average of $125.90. The firm has a market cap of $72.79 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 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.