180 Wealth Advisors LLC Sells 3,043 Shares of Emerson Electric Co. (NYSE:EMR)

Posted by on Jun 21st, 2023

180 Wealth Advisors LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 51.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,907 shares of the industrial products company’s stock after selling 3,043 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Emerson Electric were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Diversified Trust Co boosted its position in shares of Emerson Electric by 18.8% during the first quarter. Diversified Trust Co now owns 21,918 shares of the industrial products company’s stock valued at $1,910,000 after purchasing an additional 3,475 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Emerson Electric by 4.5% during the first quarter. Trust Co. of Vermont now owns 88,517 shares of the industrial products company’s stock valued at $7,713,000 after purchasing an additional 3,786 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Emerson Electric by 10.7% in the first quarter. Fulton Bank N.A. now owns 4,147 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 400 shares in the last quarter. Patten Group Inc. boosted its holdings in Emerson Electric by 2.7% in the first quarter. Patten Group Inc. now owns 14,340 shares of the industrial products company’s stock worth $1,250,000 after acquiring an additional 374 shares in the last quarter. Finally, Capstone Triton Financial Group LLC boosted its holdings in Emerson Electric by 17.4% in the first quarter. Capstone Triton Financial Group LLC now owns 11,114 shares of the industrial products company’s stock worth $968,000 after acquiring an additional 1,650 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $86.78 on Wednesday. Emerson Electric Co. has a 12 month low of $72.40 and a 12 month high of $99.65. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $83.38 and a 200 day moving average of $87.11. The firm has a market cap of $49.59 billion, a PE ratio of 10.67, a PEG ratio of 2.29 and a beta of 1.39.

Emerson Electric (NYSE:EMR – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. Emerson Electric had a return on equity of 16.94% and a net margin of 27.35%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The company’s quarterly revenue was down 21.8% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 4.19 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 11th. This represents a $2.08 dividend on an annualized basis and a yield of 2.40%. Emerson Electric’s dividend payout ratio (DPR) is presently 25.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EMR shares. Loop Capital dropped their target price on Emerson Electric from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Cowen decreased their price target on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Mizuho reduced their price objective on Emerson Electric from $103.00 to $90.00 in a research report on Thursday, May 4th. Finally, Wolfe Research upgraded Emerson Electric from a “peer perform” rating to an “outperform” rating and set a $103.00 price objective for the company in a research report on Tuesday, April 18th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $98.39.

Emerson Electric Company Profile

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

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

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