FORA Capital LLC Purchases New Position in Emerson Electric Co. $EMR

Key Points

• FORA Capital LLC acquired 30,901 shares of Emerson Electric Co., valued at approximately $3,388,000, as revealed in a recent SEC filing.
• Analysts have issued mixed ratings for Emerson Electric, with an average target price of $142.39, indicating a mix of optimism and caution regarding the stock's future performance.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, representing an annualized yield of 1.6% and a payout ratio of 45.38%.

FORA Capital LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 30,901 shares of the industrial products company's stock, valued at approximately $3,388,000.

A number of other hedge funds also recently made changes to their positions in EMR. Nuveen LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after purchasing an additional 2,946,310 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after purchasing an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after purchasing an additional 1,117,646 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on EMR shares. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company upped their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Down 2.0%

NYSE EMR traded down $2.65 during trading on Friday, hitting $131.91. The company's stock had a trading volume of 2,345,603 shares, compared to its average volume of 3,749,064. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market cap of $74.24 billion, a PE ratio of 28.37, a P/E/G ratio of 2.63 and a beta of 1.32. The business's 50 day simple moving average is $137.54 and its 200-day simple moving average is $122.15. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same period last year, the business posted $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

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.