Crestwood Advisors Group LLC Buys 1,130 Shares of Emerson Electric Co. $EMR

Crestwood Advisors Group LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,536 shares of the industrial products company’s stock after acquiring an additional 1,130 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Emerson Electric were worth $6,071,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Brighton Jones LLC lifted 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 valued at $1,412,000 after acquiring an additional 4,850 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Emerson Electric by 6.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,728,777 shares of the industrial products company’s stock valued at $189,543,000 after acquiring an additional 106,623 shares during the period. Stratos Investment Management LLC lifted its holdings in shares of Emerson Electric by 30.4% during the first quarter. Stratos Investment Management LLC now owns 2,627 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 612 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of Emerson Electric by 0.9% during the first quarter. Stratos Wealth Partners LTD. now owns 18,646 shares of the industrial products company’s stock valued at $2,044,000 after acquiring an additional 158 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Emerson Electric by 2.1% during the first quarter. Valeo Financial Advisors LLC now owns 10,767 shares of the industrial products company’s stock valued at $1,180,000 after acquiring an additional 224 shares during the period. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EMR shares. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Wolfe Research lowered their target price 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. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised their target price on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Finally, Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $132.42 on Thursday. The stock has a market capitalization of $74.53 billion, a P/E ratio of 28.48, a P/E/G ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $132.48 and a two-hundred day moving average price of $129.32.

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. The firm 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 45.38%.

Emerson Electric declared that its board has initiated a stock buyback program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.