Emerson Electric Co. $EMR Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 30.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,683 shares of the industrial products company’s stock after purchasing an additional 3,682 shares during the period. Confluence Wealth Services Inc.’s holdings in Emerson Electric were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. William Mack & Associates Inc. purchased a new position in shares of Emerson Electric in the third quarter worth $25,000. Allied Private Wealth LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $27,000. Financial Management Professionals Inc. lifted its stake in shares of Emerson Electric by 100.0% during the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock worth $27,000 after buying an additional 86 shares during the period. Next Level Wealth Planning LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at $27,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the second quarter valued at $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EMR shares. Sanford C. Bernstein upped their target price on Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. DA Davidson lifted their price target on Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Deutsche Bank boosted their price target on Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, September 30th. Wells Fargo & Company increased their price objective on Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Finally, Wall Street Zen cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.38.

Emerson Electric Stock Down 0.2%

EMR stock opened at $167.18 on Thursday. The company has a market capitalization of $91.72 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $172.00. The firm’s fifty day simple moving average is $158.89 and its 200-day simple moving average is $147.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.70.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.01. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. As a group, equities research analysts forecast that Emerson Electric Co. will post 7.37 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.5950 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. Emerson Electric’s dividend payout ratio (DPR) is 46.44%.

Emerson Electric Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.