Armstrong Fleming & Moore Inc Makes New Investment in Emerson Electric Co. $EMR

Key Points

• Armstrong Fleming & Moore Inc has made a new investment in Emerson Electric Co., acquiring 8,134 shares valued at approximately $1,085,000 during the second quarter.
• Emerson Electric's stock has received positive ratings from various analysts, with target prices raised by firms like Citigroup and Stephens, indicating a consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.5275, reflecting an annualized yield of 1.6%, and reported earnings of $1.52 per share, exceeding expectations.

Armstrong Fleming & Moore Inc acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,134 shares of the industrial products company's stock, valued at approximately $1,085,000.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in shares of 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 worth $23,271,000 after buying an additional 5,504 shares during the period. North Capital Inc. bought a new stake in Emerson Electric during the 1st quarter worth approximately $211,000. Davis Investment Partners LLC bought a new stake in Emerson Electric during the 2nd quarter worth approximately $692,000. Golden State Equity Partners bought a new stake in Emerson Electric during the 1st quarter worth approximately $459,000. Finally, Truist Financial Corp boosted its stake in shares of Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after purchasing an additional 18,069 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on EMR shares. Stephens boosted their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.29.

Emerson Electric Trading Up 1.2%

Shares of Emerson Electric stock opened at $133.10 on Thursday. The stock has a market cap of $74.91 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.29 and a beta of 1.29. 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 stock's 50 day simple moving average is $133.25 and its 200-day simple moving average is $124.98. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.60 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 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.

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