Transform Wealth LLC Has $7.55 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Transform Wealth LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 6.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 94,869 shares of the industrial products company’s stock after acquiring an additional 5,499 shares during the period. Emerson Electric accounts for about 1.1% of Transform Wealth LLC’s holdings, making the stock its 29th largest position. Transform Wealth LLC’s holdings in Emerson Electric were worth $7,546,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Emerson Electric by 3.0% during the first quarter. Vanguard Group Inc. now owns 53,499,422 shares of the industrial products company’s stock worth $5,245,619,000 after purchasing an additional 1,547,743 shares during the period. BlackRock Inc. boosted its position in Emerson Electric by 2.7% during the first quarter. BlackRock Inc. now owns 38,296,210 shares of the industrial products company’s stock worth $3,754,941,000 after purchasing an additional 1,007,442 shares during the period. State Street Corp boosted its position in Emerson Electric by 0.6% during the fourth quarter. State Street Corp now owns 26,481,303 shares of the industrial products company’s stock worth $2,461,967,000 after purchasing an additional 146,568 shares during the period. Norges Bank bought a new stake in Emerson Electric during the fourth quarter worth approximately $558,176,000. Finally, State Farm Mutual Automobile Insurance Co. boosted its position in Emerson Electric by 2.5% during the first quarter. State Farm Mutual Automobile Insurance Co. now owns 5,722,423 shares of the industrial products company’s stock worth $561,084,000 after purchasing an additional 140,565 shares during the period. 72.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research reports. Sanford C. Bernstein reduced their price objective on Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating for the company in a research report on Wednesday, August 17th. Citigroup raised their target price on Emerson Electric to $99.00 in a research report on Monday, August 15th. Argus raised their target price on Emerson Electric from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Mizuho raised their target price on Emerson Electric from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. assumed coverage on Emerson Electric in a research report on Thursday, July 7th. They issued a “neutral” rating and a $80.00 target price for the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.77.

Emerson Electric Trading Down 3.1 %

Shares of NYSE:EMR traded down $2.36 during mid-day trading on Friday, reaching $73.17. The stock had a trading volume of 89,222 shares, compared to its average volume of 2,643,566. The firm has a 50 day simple moving average of $84.77 and a two-hundred day simple moving average of $87.42. Emerson Electric Co. has a twelve month low of $75.50 and a twelve month high of $100.47. The firm has a market cap of $43.27 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. The company has a current ratio of 1.06, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

Emerson Electric (NYSE:EMRGet Rating) last issued its earnings results on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Emerson Electric had a net margin of 16.45% and a return on equity of 25.06%. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that Emerson Electric Co. will post 5.11 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, August 11th. Emerson Electric’s dividend payout ratio is 39.02%.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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

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