3,563 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Klingman & Associates LLC

Key Points

• Klingman & Associates LLC has made a new investment in Emerson Electric Co., purchasing 3,563 shares valued at approximately $391,000.
• Emerson Electric recently reported an EPS of $1.52, slightly above the consensus estimate, with revenues of $4.55 billion for the quarter.
• The company declared a quarterly dividend of $0.5275 per share, reflecting an annualized dividend of $2.11 and a yield of 1.6%.

Klingman & Associates LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,563 shares of the industrial products company's stock, valued at approximately $391,000.

Several other large investors have also recently made changes to their positions in the business. MSH Capital Advisors LLC boosted its position in shares of Emerson Electric by 0.8% during the first quarter. MSH Capital Advisors LLC now owns 21,665 shares of the industrial products company's stock valued at $2,375,000 after buying an additional 176 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $69,000. LGT Group Foundation lifted its position in shares of Emerson Electric by 159.5% during the 1st quarter. LGT Group Foundation now owns 297,879 shares of the industrial products company's stock valued at $32,659,000 after buying an additional 183,072 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company's stock valued at $39,000 after buying an additional 288 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in shares of Emerson Electric by 6.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 195,693 shares of the industrial products company's stock valued at $21,415,000 after buying an additional 11,461 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Bank of America raised 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. Wells Fargo & Company increased their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Performance

Shares of EMR stock traded down $2.59 on Friday, hitting $131.78. 3,316,383 shares of the stock traded hands, compared to its average volume of 3,822,612. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $74.17 billion, a PE ratio of 28.34, a PEG ratio of 2.57 and a beta of 1.32. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company's fifty day moving average is $136.53 and its 200 day moving average is $121.77.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion for 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%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

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.