JB Capital LLC Raises Holdings in Emerson Electric Co. $EMR

Key Points

• JB Capital LLC increased its position in Emerson Electric Co. by 4.8%, acquiring a total of 100,471 shares, valued at approximately $13.4 million.
• Emerson Electric reported earnings of $1.52 per share for the latest quarter, slightly surpassing estimates, with quarterly revenue of $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, reflecting an annualized dividend of $2.11 and a yield of 1.6%.

JB Capital LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,471 shares of the industrial products company's stock after purchasing an additional 4,613 shares during the quarter. JB Capital LLC's holdings in Emerson Electric were worth $13,396,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the first quarter worth about $28,000. Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after buying an additional 154 shares during the period. Finally, PFS Partners LLC boosted its holdings in Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.1%

EMR stock opened at $131.44 on Friday. The stock has a market capitalization of $73.97 billion, a P/E ratio of 28.27, a PEG ratio of 2.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a 50 day moving average price of $132.98 and a two-hundred day moving average price of $125.09.

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 (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 company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same period in the previous year, the company earned $1.43 EPS. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EMR. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.29.

Emerson Electric Profile

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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