Aptus Capital Advisors LLC Acquires 2,313 Shares of Emerson Electric Co. $EMR

Key Points

• Aptus Capital Advisors LLC increased its stake in Emerson Electric Co. by 14.4%, owning 18,425 shares valued at approximately $2.02 million as of the last reporting period.
• Emerson Electric recently reported quarterly earnings with an EPS of $1.52, modestly surpassing analysts' expectations, even though revenue was slightly below forecasts at $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, resulting in an annualized payout of $2.11, with a dividend yield of 1.6%.

Aptus Capital Advisors LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,425 shares of the industrial products company's stock after purchasing an additional 2,313 shares during the quarter. Aptus Capital Advisors LLC's holdings in Emerson Electric were worth $2,020,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Clark Capital Management Group Inc. lifted its stake in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares during the period. First Horizon Advisors Inc. lifted its stake in Emerson Electric by 2.7% during 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 acquiring an additional 5,504 shares during the period. North Capital Inc. bought a new position in Emerson Electric during the 1st quarter valued at about $211,000. Zurich Insurance Group Ltd FI bought a new position in Emerson Electric during the 4th quarter valued at about $3,003,000. Finally, Golden State Equity Partners bought a new position in Emerson Electric during the 1st quarter valued at about $459,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research reports. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Price Performance

EMR stock traded up $3.5360 during midday trading on Friday, hitting $133.6260. The company's stock had a trading volume of 3,643,223 shares, compared to its average volume of 3,837,648. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $75.20 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.61 and a beta of 1.32. The company has a 50 day moving average of $137.06 and a two-hundred day moving average of $121.89.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. 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 is currently 45.38%.

Emerson Electric Company 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.