Maia Wealth LLC Has $290,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Maia Wealth LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,678 shares of the industrial products company’s stock after selling 152 shares during the quarter. Maia Wealth LLC’s holdings in Emerson Electric were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Radnor Capital Management LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at about $8,350,000. Avidian Wealth Enterprises LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $340,000. Fiduciary Family Office LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $713,000. Cornerstone Capital Inc. raised its stake in Emerson Electric by 6.4% in the 3rd quarter. Cornerstone Capital Inc. now owns 3,814 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 231 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in Emerson Electric by 0.4% during the third quarter. Crestwood Advisors Group LLC now owns 43,588 shares of the industrial products company’s stock worth $4,767,000 after purchasing an additional 193 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EMR shares. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Stock Performance

NYSE EMR opened at $126.86 on Thursday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $127.74. The firm has a market capitalization of $72.65 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 1.66 and a beta of 1.30. 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 firm’s 50 day simple moving average is $107.50 and its 200 day simple moving average is $109.05.

Emerson Electric (NYSE:EMR) last issued its quarterly 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. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company posted $1.29 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.66%. Emerson Electric’s payout ratio is presently 70.47%.

Emerson Electric 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.