Alpha Omega Wealth Management LLC Has $1.26 Million Stake in Emerson Electric Co. (NYSE:EMR)

Alpha Omega Wealth Management LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,399 shares of the industrial products company’s stock after selling 208 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Emerson Electric were worth $1,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Thrive Wealth Management LLC grew its position in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 94 shares during the last quarter. PFG Advisors grew its position in Emerson Electric by 3.8% in the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 96 shares during the last quarter. Unison Advisors LLC grew its position in Emerson Electric by 0.5% in the 2nd quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after purchasing an additional 96 shares during the last quarter. Finally, Lake Street Private Wealth LLC grew its position in Emerson Electric by 2.3% in the 1st quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 99 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR traded up $0.27 during midday trading on Monday, hitting $104.91. The company had a trading volume of 1,768,579 shares, compared to its average volume of 2,686,859. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of $60.02 billion, a PE ratio of 5.61, a P/E/G ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The firm’s 50-day simple moving average is $109.73 and its 200-day simple moving average is $109.95.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $1.29 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EMR shares. Robert W. Baird raised their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada cut their price target 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. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $124.33.

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.