Kingswood Wealth Advisors LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Kingswood Wealth Advisors LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 5.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,669 shares of the industrial products company’s stock after purchasing an additional 250 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Emerson Electric were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Trust Co. of Vermont boosted its holdings in Emerson Electric by 3.1% during the 2nd quarter. Trust Co. of Vermont now owns 140,677 shares of the industrial products company’s stock valued at $15,497,000 after acquiring an additional 4,282 shares during the period. Mather Group LLC. boosted its stake in shares of Emerson Electric by 35.9% during the second quarter. Mather Group LLC. now owns 6,462 shares of the industrial products company’s stock valued at $733,000 after purchasing an additional 1,706 shares during the period. Bank & Trust Co purchased a new position in shares of Emerson Electric in the second quarter worth $89,000. Boston Common Asset Management LLC raised its holdings in Emerson Electric by 17.1% during the 2nd quarter. Boston Common Asset Management LLC now owns 136,538 shares of the industrial products company’s stock valued at $15,041,000 after buying an additional 19,936 shares during the last quarter. Finally, Woodstock Corp boosted its position in Emerson Electric by 1.3% during the 2nd quarter. Woodstock Corp now owns 92,223 shares of the industrial products company’s stock valued at $10,159,000 after buying an additional 1,152 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Redburn Atlantic assumed coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays boosted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.88.

Emerson Electric Stock Down 7.6 %

Emerson Electric stock traded down $8.24 during mid-day trading on Wednesday, reaching $99.54. The stock had a trading volume of 8,059,014 shares, compared to its average volume of 2,667,829. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a 50-day moving average price of $111.10 and a two-hundred day moving average price of $109.18. The company has a market capitalization of $56.95 billion, a price-to-earnings ratio of 5.40, a PEG ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. On average, analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

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.