Integrity Financial Corp WA Acquires Shares of 3,075 Emerson Electric Co. (NYSE:EMR)

Key Points

• Integrity Financial Corp WA acquired 3,075 shares of Emerson Electric Co. valued at approximately $337,000 during the 1st quarter.
• Emerson Electric reported $1.52 earnings per share for the last quarter, slightly above the consensus estimate of $1.51.
• The company declared a quarterly dividend of $0.5275 per share, resulting in an annualized dividend yield of 1.6%.

Integrity Financial Corp WA bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,075 shares of the industrial products company's stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Orion Capital Management LLC bought a new stake in Emerson Electric during the fourth quarter valued at $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Ameriflex Group Inc. purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the 1st quarter valued at $28,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EMR. Royal Bank Of Canada boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America lifted their target price 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. Finally, Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Trading Down 0.0%

EMR stock traded down $0.01 during mid-day trading on Friday, reaching $132.82. The company had a trading volume of 2,443,658 shares, compared to its average volume of 3,713,589. The firm has a 50 day moving average of $135.34 and a 200 day moving average of $121.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.59. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a market capitalization of $74.75 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly 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 analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's payout ratio is 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.