Bayforest Capital Ltd Increases Holdings in Emerson Electric Co. $EMR

Key Points

• Bayforest Capital Ltd significantly increased its stake in Emerson Electric Co. by 2,115.4% in the first quarter, now holding 3,744 shares valued at $410,000.
• Wall Street analysts remain optimistic about Emerson Electric, with target price increases from various firms, including Wells Fargo and Citigroup, suggesting a consensus rating of "Moderate Buy."
• Emerson Electric recently announced a quarterly dividend of $0.5275, representing an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Bayforest Capital Ltd lifted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 2,115.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,744 shares of the industrial products company's stock after purchasing an additional 3,575 shares during the quarter. Bayforest Capital Ltd's holdings in Emerson Electric were worth $410,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after purchasing an additional 5,504 shares during the last quarter. North Capital Inc. purchased a new position in shares of Emerson Electric in the first quarter worth about $211,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Emerson Electric in the fourth quarter worth about $3,003,000. Golden State Equity Partners purchased a new position in shares of Emerson Electric in the first quarter worth about $459,000. Finally, Truist Financial Corp grew its holdings in Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after acquiring an additional 18,069 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EMR shares. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. KeyCorp raised 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. Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. 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 given a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Up 1.2%

Shares of EMR opened at $133.59 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock's 50 day moving average is $137.42 and its two-hundred day moving average is $122.59. The firm has a market cap of $75.18 billion, a P/E ratio of 28.73, a PEG ratio of 2.57 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating 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 company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the company earned $1.43 earnings per share. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. 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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