GW Henssler & Associates Ltd. raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,706 shares of the industrial products company's stock after acquiring an additional 6,016 shares during the period. GW Henssler & Associates Ltd.'s holdings in Emerson Electric were worth $18,607,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in Emerson Electric during the fourth quarter valued at $25,000. Saudi Central Bank bought a new position in Emerson Electric during the first quarter valued at $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the first quarter worth about $27,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Emerson Electric in the first quarter worth about $28,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Performance
Shares of Emerson Electric stock traded up $3.51 during midday trading on Thursday, hitting $133.01. The company had a trading volume of 2,958,716 shares, compared to its average volume of 3,144,615. The stock has a market cap of $74.86 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.58 and a beta of 1.30. 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 company has a fifty day simple moving average of $137.60 and a 200 day simple moving average of $122.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.
Emerson Electric (NYSE:EMR - Get Free Report) last announced 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 net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the firm posted $1.43 EPS. Emerson Electric's revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is 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 currently 45.38%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.39.
Check Out Our Latest Research Report on EMR
About Emerson Electric
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Free Report)
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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