Davis Investment Partners LLC Acquires Shares of 5,108 Emerson Electric Co. $EMR

Key Points

• Davis Investment Partners LLC acquired 5,108 shares of Emerson Electric Co., valued at approximately $692,000, in the 2nd quarter.
• Emerson's stock has received multiple upgrades from analysts, with price targets lifted by firms including Stephens and Citigroup, now ranging from $145.00 to $165.00.
• The company announced a quarterly dividend of $0.5275, representing an annualized yield of 1.6% and a dividend payout ratio of 45.38%.

Davis Investment Partners LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,108 shares of the industrial products company's stock, valued at approximately $692,000.

Several other institutional investors have also recently bought and sold shares of EMR. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Down 1.7%

NYSE:EMR opened at $135.19 on Monday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $76.08 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.63 and a beta of 1.30. The stock has a 50-day moving average price of $137.38 and a two-hundred day moving average price of $122.86.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

About Emerson Electric

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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