CCM Investment Group LLC Invests $2.59 Million in Emerson Electric Co. (NYSE:EMR)

Key Points

• CCM Investment Group LLC acquired a new stake of 23,836 shares in Emerson Electric Co., valued at approximately $2,590,000, during the 1st quarter of the year.
• Emerson Electric reported $1.52 earnings per share for the last quarter, slightly beating the consensus estimate, and showed a 3.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.5275, representing an annualized amount of $2.11 with a yield of 1.6%, payable on September 10th.

CCM Investment Group LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,836 shares of the industrial products company's stock, valued at approximately $2,590,000.

Several other large investors have also recently modified their holdings of the stock. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric during the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC increased its position in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $0.73 during trading on Thursday, hitting $134.27. The company's stock had a trading volume of 1,453,902 shares, compared to its average volume of 3,170,490. The company has a 50-day moving average of $136.13 and a 200-day moving average of $121.77. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. 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 firm has a market cap of $75.57 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.59 and a beta of 1.32.

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

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

EMR has been the topic of several research analyst reports. Bank of America boosted their price target 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. Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Stephens raised 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 note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $142.39.

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.