V Wealth Advisors LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

V Wealth Advisors LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,065 shares of the industrial products company’s stock after acquiring an additional 541 shares during the period. V Wealth Advisors LLC’s holdings in Emerson Electric were worth $406,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EMR. BlackRock Inc. grew its stake in shares of Emerson Electric by 7.3% in the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock worth $3,090,402,000 after buying an additional 3,058,256 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock worth $441,115,000 after buying an additional 355,369 shares during the last quarter. Jensen Investment Management Inc. grew its stake in shares of Emerson Electric by 4.7% in the 1st quarter. Jensen Investment Management Inc. now owns 2,823,019 shares of the industrial products company’s stock worth $193,292,000 after buying an additional 126,365 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Emerson Electric by 46.4% in the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock worth $185,423,000 after buying an additional 858,733 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Emerson Electric by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,620,166 shares of the industrial products company’s stock worth $179,403,000 after buying an additional 12,106 shares during the last quarter. Institutional investors own 70.17% of the company’s stock.

Several research firms recently weighed in on EMR. Credit Suisse Group cut their price target on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research note on Tuesday, July 23rd. Cowen restated a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a research note on Friday. Morgan Stanley cut their price target on Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Deutsche Bank cut their price target on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and an average target price of $73.94.

EMR stock traded down $1.29 during midday trading on Friday, hitting $59.48. The company’s stock had a trading volume of 2,575,885 shares, compared to its average volume of 3,090,561. The stock has a market capitalization of $36.62 billion, a P/E ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 1.18. The business has a 50-day simple moving average of $64.92.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.94. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. On average, equities analysts predict that Emerson Electric Co. will post 3.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a $0.49 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.96 annualized dividend and a yield of 3.30%. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.

In related news, VP Bell Katherine Button sold 15,791 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $63.91, for a total value of $1,009,202.81. Following the transaction, the vice president now directly owns 30,304 shares of the company’s stock, valued at approximately $1,936,728.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total value of $783,336.40. Following the completion of the transaction, the insider now directly owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. Insiders sold a total of 40,333 shares of company stock worth $2,583,230 over the last ninety days. 0.07% of the stock is currently owned by insiders.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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