Kingstone Capital Partners Texas LLC Purchases Shares of 25,668 Emerson Electric Co. $EMR

Key Points

• Kingstone Capital Partners Texas LLC acquired 25,668 shares of Emerson Electric Co., valued at approximately $3.42 million, during the second quarter, highlighting increased institutional interest in the company.
• Analysts have raised their ratings and price targets for Emerson Electric, with TD Cowen giving it a "strong-buy" rating and several firms increasing their target prices significantly, some to as high as $165.00.
• Emerson Electric recently reported a quarterly earnings per share (EPS) of $1.52, exceeding estimates, with the company's revenue increasing by 3.9% year-over-year despite falling short of expectations.

Kingstone Capital Partners Texas LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,668 shares of the industrial products company's stock, valued at approximately $3,422,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Dominguez Wealth Management Solutions Inc. boosted its position in shares of Emerson Electric by 0.4% during the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock valued at $3,007,000 after buying an additional 84 shares during the last quarter. Hohimer Wealth Management LLC raised its holdings in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after purchasing an additional 95 shares in the last quarter. Clearstead Trust LLC increased its stake in Emerson Electric by 7.4% during the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 97 shares in the last quarter. One Wealth Advisors LLC raised its stake in shares of Emerson Electric by 5.7% during the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock valued at $202,000 after buying an additional 99 shares during the last quarter. Finally, J. W. Coons Advisors LLC increased its stake in shares of Emerson Electric by 0.8% in the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock valued at $1,425,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Up 0.4%

Shares of EMR traded up $0.54 during trading hours on Monday, reaching $132.88. 3,109,301 shares of the stock traded hands, compared to its average volume of 2,779,784. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.78 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.51 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The stock has a fifty day simple moving average of $136.63 and a 200 day simple moving average of $123.39.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. The company 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 revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on EMR. Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Barclays upgraded shares of 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, August 7th. 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 issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

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.