Axxcess Wealth Management LLC Buys 3,840 Shares of Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,596 shares of the industrial products company’s stock after buying an additional 3,840 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Emerson Electric were worth $5,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EMR. Gilbert & Cook Inc. boosted its stake in shares of Emerson Electric by 4.8% during the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 199 shares during the period. Gryphon Financial Partners LLC lifted its stake in Emerson Electric by 12.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 722 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Emerson Electric by 3.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 13,210 shares of the industrial products company’s stock valued at $1,286,000 after buying an additional 449 shares during the period. Clearbridge Investments LLC grew its stake in shares of Emerson Electric by 6.3% during the fourth quarter. Clearbridge Investments LLC now owns 968,561 shares of the industrial products company’s stock valued at $94,270,000 after buying an additional 57,028 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Emerson Electric by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 96,483 shares of the industrial products company’s stock worth $9,391,000 after acquiring an additional 991 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of several research analyst reports. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Barclays decreased their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Stock Up 1.5 %

NYSE:EMR opened at $103.95 on Wednesday. The company’s 50-day simple moving average is $107.55 and its 200-day simple moving average is $109.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The stock has a market capitalization of $59.47 billion, a P/E ratio of 5.56, a P/E/G ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Emerson Electric Company 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.