Buckley Wealth Management LLC Has $236,000 Position in Emerson Electric Co. (NYSE:EMR)

Buckley Wealth Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,084 shares of the industrial products company’s stock after selling 94 shares during the quarter. Buckley Wealth Management LLC’s holdings in Emerson Electric were worth $236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Advocates Investment Management lifted its holdings in Emerson Electric by 1.0% during the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after buying an additional 101 shares during the period. Stonehearth Capital Management LLC lifted its stake in shares of Emerson Electric by 3.3% in the 1st quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 107 shares during the period. PFG Advisors lifted its stake in shares of Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 108 shares during the period. Ballentine Partners LLC lifted its stake in shares of Emerson Electric by 0.7% in the 1st quarter. Ballentine Partners LLC now owns 14,647 shares of the industrial products company’s stock valued at $1,661,000 after purchasing an additional 108 shares during the period. Finally, Accel Wealth Management lifted its stake in shares of Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 114 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EMR. Mizuho boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Citigroup upped their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.70 during trading on Friday, hitting $109.99. The company’s stock had a trading volume of 1,817,799 shares, compared to its average volume of 2,674,784. The company has a market cap of $62.93 billion, a PE ratio of 5.79, a P/E/G ratio of 1.77 and a beta of 1.33. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $109.99 and a 200-day moving average of $105.43. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 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.