BerganKDV Wealth Management LLC Has $2.53 Million Position in Emerson Electric Co. (NYSE:EMR)

BerganKDV Wealth Management LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,311 shares of the industrial products company’s stock after selling 255 shares during the period. BerganKDV Wealth Management LLC’s holdings in Emerson Electric were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. abrdn plc boosted its position in Emerson Electric by 17.5% during the 2nd quarter. abrdn plc now owns 2,765,898 shares of the industrial products company’s stock worth $266,190,000 after buying an additional 412,478 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Emerson Electric by 2.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,361 shares of the industrial products company’s stock worth $1,478,000 after buying an additional 431 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Emerson Electric by 1.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 196,934 shares of the industrial products company’s stock worth $18,953,000 after buying an additional 2,961 shares during the period. Principal Financial Group Inc. boosted its position in Emerson Electric by 1.7% during the 2nd quarter. Principal Financial Group Inc. now owns 778,379 shares of the industrial products company’s stock worth $74,911,000 after buying an additional 12,729 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Emerson Electric by 3.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 95,494 shares of the industrial products company’s stock worth $9,190,000 after buying an additional 2,774 shares during the period. Institutional investors and hedge funds own 72.67% of the company’s stock.

EMR stock traded up $1.66 during midday trading on Wednesday, reaching $99.31. 126,756 shares of the company’s stock traded hands, compared to its average volume of 2,584,050. The company has a market cap of $59.37 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.42 and a beta of 1.54. The firm’s fifty day moving average price is $100.94 and its 200-day moving average price is $95.86. The company has a quick ratio of 1.00, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. Emerson Electric Co. has a 52 week low of $63.16 and a 52 week high of $105.99.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.11. The firm had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.58 billion. Emerson Electric had a net margin of 13.20% and a return on equity of 26.77%. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. Analysts forecast that Emerson Electric Co. will post 4.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, August 12th. Emerson Electric’s dividend payout ratio (DPR) is currently 58.38%.

Several research analysts have issued reports on EMR shares. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Thursday, August 12th. Barclays lifted their price objective on shares of Emerson Electric from $91.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, July 8th. Credit Suisse Group lifted their price objective on shares of Emerson Electric from $103.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, August 5th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $103.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, July 14th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Buy” and an average price target of $99.95.

In related news, VP Bell Katherine Button sold 12,850 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $101.21, for a total value of $1,300,548.50. Following the transaction, the vice president now directly owns 27,659 shares of the company’s stock, valued at approximately $2,799,367.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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

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