Centennial Wealth Advisory LLC Buys 164 Shares of Emerson Electric Co. (NYSE:EMR)

Centennial Wealth Advisory LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,667 shares of the industrial products company’s stock after purchasing an additional 164 shares during the period. Centennial Wealth Advisory LLC’s holdings in Emerson Electric were worth $292,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the 1st quarter worth $31,000. Meeder Asset Management Inc. grew its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the third quarter worth about $33,000. Versant Capital Management Inc lifted its stake in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at about $43,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 6.5 %

NYSE EMR traded up $7.68 during trading hours on Wednesday, reaching $125.35. 1,056,996 shares of the company’s stock traded hands, compared to its average volume of 2,700,131. The firm has a market cap of $71.79 billion, a PE ratio of 42.08, a PEG ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $126.47. The firm has a 50-day simple moving average of $107.04 and a 200 day simple moving average of $108.92.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for 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 business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. Sell-side analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 70.47%.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price objective 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Oppenheimer increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $127.29.

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.