Regal Investment Advisors LLC Acquires 2,856 Shares of Emerson Electric Co. (NYSE:EMR)

Regal Investment Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,344 shares of the industrial products company’s stock after purchasing an additional 2,856 shares during the quarter. Emerson Electric makes up about 1.6% of Regal Investment Advisors LLC’s portfolio, making the stock its 9th biggest holding. Regal Investment Advisors LLC’s holdings in Emerson Electric were worth $8,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Glassman Wealth Services raised its holdings in shares of Emerson Electric by 240.7% during the 1st quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 284 shares during the period. Larson Financial Group LLC raised its holdings in shares of Emerson Electric by 80.3% during the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 196 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Emerson Electric during the 1st quarter worth $34,000. Westside Investment Management Inc. purchased a new position in shares of Emerson Electric during the 2nd quarter worth $34,000. Finally, Legacy Advisors LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth $41,000. 70.17% of the stock is currently owned by institutional investors.

In other Emerson Electric news, VP Bell Katherine Button sold 15,791 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the sale, the vice president now directly owns 30,304 shares in the company, valued at $1,936,728.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the sale, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. Insiders have sold 40,333 shares of company stock worth $2,583,230 over the last quarter. Insiders own 0.07% of the company’s stock.

Several research analysts have recently commented on the company. Citigroup reduced their price target on Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a report on Tuesday, July 23rd. Deutsche Bank reduced their price target on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday. Finally, Credit Suisse Group reduced their price objective on shares of Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and a consensus target price of $74.81.

EMR traded down $1.60 on Wednesday, hitting $59.22. The company had a trading volume of 2,407,140 shares, compared to its average volume of 2,764,012. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07. The stock has a market cap of $36.32 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.00 and a beta of 1.32. The stock’s fifty day simple moving average is $65.17. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.94. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 3.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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