NWK Group Inc. Makes New $220,000 Investment in Emerson Electric Co. $EMR

NWK Group Inc. bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,650 shares of the industrial products company’s stock, valued at approximately $220,000.

Several other institutional investors also recently modified their holdings of the business. AlphaStar Capital Management LLC bought a new stake in shares of Emerson Electric in the second quarter worth $291,000. Linscomb Wealth Inc. grew its stake in shares of Emerson Electric by 4.4% in the second quarter. Linscomb Wealth Inc. now owns 36,494 shares of the industrial products company’s stock worth $4,866,000 after purchasing an additional 1,528 shares during the last quarter. Creekmur Asset Management LLC grew its stake in shares of Emerson Electric by 96.7% in the second quarter. Creekmur Asset Management LLC now owns 11,238 shares of the industrial products company’s stock worth $1,498,000 after purchasing an additional 5,525 shares during the last quarter. IFG Advisory LLC grew its stake in shares of Emerson Electric by 5.4% in the second quarter. IFG Advisory LLC now owns 6,639 shares of the industrial products company’s stock worth $885,000 after purchasing an additional 343 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Emerson Electric in the second quarter worth $1,667,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Wolfe Research dropped their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Jefferies Financial Group dropped their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $139.83 on Friday. The firm’s 50-day moving average price is $132.26 and its 200-day moving average price is $128.34. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market capitalization of $78.70 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is currently 45.38%.

Emerson Electric 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.