Longfellow Investment Management Co. LLC Purchases 4,293 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Longfellow Investment Management Co. LLC increased its stake in Emerson Electric Co. by 89.3%, owning 9,101 shares worth approximately $998,000 as of its latest SEC filing.
• Emerson Electric's stock has seen analysts raise their price targets, with Bank of America setting a new target of $155.00 and Citigroup at $165.00, both maintaining a "buy" rating.
• The company declared a quarterly dividend of $0.5275 per share, reflecting a 1.6% yield and a payout ratio of 45.38%.

Longfellow Investment Management Co. LLC boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 89.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,101 shares of the industrial products company's stock after purchasing an additional 4,293 shares during the quarter. Longfellow Investment Management Co. LLC's holdings in Emerson Electric were worth $998,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Emerson Electric in the fourth quarter worth $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the first quarter valued at $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings 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 valued at $29,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.56 during trading hours on Thursday, reaching $134.44. 3,193,188 shares of the company traded hands, compared to its average volume of 3,182,408. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. 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 cap of $75.66 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.59 and a beta of 1.32. The firm has a 50-day moving average price of $136.13 and a 200 day moving average price of $121.77.

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 analysts' consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is 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 presently 45.38%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EMR. Stephens raised their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Citigroup raised their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Company 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.