Atria Wealth Solutions Inc. Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Atria Wealth Solutions Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,450 shares of the industrial products company’s stock after selling 1,434 shares during the period. Atria Wealth Solutions Inc.’s holdings in Emerson Electric were worth $4,346,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EMR. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric during the 1st quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at $31,000. Security National Bank bought a new stake in shares of Emerson Electric in the 4th quarter worth about $29,000. Tributary Capital Management LLC bought a new position in Emerson Electric during the 1st quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. raised its position in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Mizuho boosted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays reduced their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Oppenheimer dropped their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.33.

Emerson Electric Stock Performance

Shares of EMR traded up $0.88 during trading hours on Wednesday, reaching $104.00. 2,261,969 shares of the company traded hands, compared to its average volume of 2,693,650. The stock has a market capitalization of $59.50 billion, a P/E ratio of 5.56, a P/E/G ratio of 1.93 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average price of $109.90 and a 200-day moving average price of $109.74. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. Equities analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.02%. Emerson Electric’s payout ratio is currently 11.24%.

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.