American Alpha Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,420 shares of the industrial products company's stock, valued at approximately $265,000.
Several other institutional investors also recently added to or reduced their stakes in EMR. Clark Capital Management Group Inc. grew its position in shares of Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after acquiring an additional 434 shares during the last quarter. First Horizon Advisors Inc. grew its position in Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after buying an additional 5,504 shares during the last quarter. North Capital Inc. purchased a new position in Emerson Electric in the 1st quarter valued at $211,000. Zurich Insurance Group Ltd FI purchased a new position in Emerson Electric in the 4th quarter valued at $3,003,000. Finally, Legacy Financial Advisors Inc. purchased a new position in Emerson Electric in the 4th quarter valued at $314,000. Institutional investors and hedge funds own 74.30% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.
Check Out Our Latest Stock Analysis on Emerson Electric
Emerson Electric Price Performance
Emerson Electric stock traded down $0.76 during mid-day trading on Thursday, hitting $134.24. 1,289,464 shares of the company were exchanged, compared to its average volume of 3,169,708. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market capitalization of $75.55 billion, a P/E ratio of 28.87, a PEG ratio of 2.59 and a beta of 1.32. The business's 50 day simple moving average is $136.13 and its two-hundred day simple moving average is $121.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is 45.38%.
About Emerson Electric
(
Free Report)
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.
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