Hill Island Financial LLC Invests $249,000 in Emerson Electric Co. $EMR

Key Points

• Hill Island Financial LLC has invested $249,000 in Emerson Electric Co. by acquiring 1,866 shares, marking a new stake for the fund in the company.
• Emerson Electric reported $1.52 earnings per share for the most recent quarter, slightly exceeding expectations, with a revenue of $4.55 billion.
• Equities analysts maintain a consensus rating of Moderate Buy for Emerson Electric, with a price target of $144.88.

Hill Island Financial LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,866 shares of the industrial products company's stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. First Horizon Advisors Inc. boosted its holdings in 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 valued at $23,271,000 after purchasing an additional 5,504 shares during the period. North Capital Inc. purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $211,000. Davis Investment Partners LLC purchased a new stake in shares of Emerson Electric during the second quarter worth approximately $692,000. Golden State Equity Partners acquired a new stake in Emerson Electric in the first quarter valued at approximately $459,000. Finally, Truist Financial Corp lifted its stake in Emerson Electric by 1.7% in 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 last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Up 1.3%

Shares of NYSE EMR opened at $134.79 on Friday. The stock has a market cap of $75.86 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business has a 50-day moving average price of $134.13 and a 200 day moving average price of $124.64. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last posted 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price objective 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. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company upped their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stephens raised their target price 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, Daiwa Capital Markets upped their price target on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.88.

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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