Livelsberger Financial Advisory Purchases Shares of 998 Emerson Electric Co. (NYSE:EMR)

Livelsberger Financial Advisory purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 998 shares of the industrial products company’s stock, valued at approximately $109,000. Emerson Electric accounts for approximately 2.3% of Livelsberger Financial Advisory’s portfolio, making the stock its 14th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Everence Capital Management Inc. lifted its holdings in Emerson Electric by 12.8% in the third quarter. Everence Capital Management Inc. now owns 31,994 shares of the industrial products company’s stock valued at $3,499,000 after acquiring an additional 3,630 shares during the period. CarsonAllaria Wealth Management Ltd. lifted its holdings in Emerson Electric by 7.0% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 2,576 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 168 shares during the period. Compass Ion Advisors LLC lifted its holdings in Emerson Electric by 5.2% in the third quarter. Compass Ion Advisors LLC now owns 3,303 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 163 shares during the period. Vest Financial LLC lifted its holdings in Emerson Electric by 9.1% in the third quarter. Vest Financial LLC now owns 434,168 shares of the industrial products company’s stock valued at $47,485,000 after acquiring an additional 36,211 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its stake in shares of Emerson Electric by 4.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,035 shares of the industrial products company’s stock worth $441,000 after buying an additional 177 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada reduced their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays reduced their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company reduced their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Trading Down 0.4 %

NYSE:EMR traded down $0.49 during trading hours on Monday, hitting $109.95. The company had a trading volume of 637,834 shares, compared to its average volume of 2,696,192. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $105.66 and a 200 day moving average of $109.14. The company has a market cap of $62.90 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Emerson Electric Company Profile

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.