Fiduciary Family Office LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Key Points

• Fiduciary Family Office LLC purchased 7,300 shares of Emerson Electric Co. for approximately $800,000 in the 1st quarter, as reported in its recent Form 13F filing with the SEC.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, set to be paid on September 10th, which represents an annual yield of 1.6%.
• The company reported a quarterly EPS of $1.52, beating analysts' expectations, with revenues of $4.55 billion for the quarter, reflecting a 3.9% increase year-over-year.

Fiduciary Family Office LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,300 shares of the industrial products company's stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Brighton Jones LLC boosted its position in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after buying an additional 4,850 shares during the period. FIL Ltd boosted its position in Emerson Electric by 15.8% during the fourth quarter. FIL Ltd now owns 106,232 shares of the industrial products company's stock valued at $13,165,000 after purchasing an additional 14,523 shares during the last quarter. Bank of Nova Scotia boosted its position in Emerson Electric by 61.7% during the fourth quarter. Bank of Nova Scotia now owns 127,675 shares of the industrial products company's stock valued at $15,823,000 after purchasing an additional 48,737 shares during the last quarter. Bessemer Group Inc. boosted its position in Emerson Electric by 15.4% during the fourth quarter. Bessemer Group Inc. now owns 23,983 shares of the industrial products company's stock valued at $2,972,000 after purchasing an additional 3,194 shares during the last quarter. Finally, F M Investments LLC lifted its position in shares of Emerson Electric by 25.3% in the fourth quarter. F M Investments LLC now owns 7,316 shares of the industrial products company's stock worth $907,000 after buying an additional 1,476 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EMR. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $125.00 to $127.00 in a research report on Thursday. Stephens boosted their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Down 0.5%

Shares of EMR traded down $0.72 during midday trading on Monday, hitting $132.02. The stock had a trading volume of 2,259,011 shares, compared to its average volume of 3,730,385. The company has a 50 day simple moving average of $135.60 and a two-hundred day simple moving average of $121.60. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a market cap of $74.30 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The company 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%. Emerson Electric's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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