MBB Public Markets I LLC Makes New $311,000 Investment in Emerson Electric Co. $EMR

Key Points

• MBB Public Markets I LLC has acquired a new position in Emerson Electric Co. by purchasing 2,837 shares worth approximately $311,000 in the first quarter.
• Emerson Electric recently reported $1.52 earnings per share, slightly exceeding analyst expectations, and indicated a 3.9% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.5275 per share, reflecting an annual yield of 1.6% with a payout ratio of 45.38%.

MBB Public Markets I LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 2,837 shares of the industrial products company's stock, valued at approximately $311,000.

A number of other hedge funds also recently made changes to their positions in EMR. Brighton Jones LLC boosted its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in Emerson Electric in the fourth quarter valued at $1,239,000. OMERS ADMINISTRATION Corp boosted its position in Emerson Electric by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 23,827 shares of the industrial products company's stock valued at $2,953,000 after acquiring an additional 4,041 shares during the last quarter. Northwest Quadrant Wealth Management LLC bought a new position in shares of Emerson Electric in the 4th quarter worth about $222,000. Finally, NorthRock Partners LLC lifted its stake in shares of Emerson Electric by 113.8% in the 4th quarter. NorthRock Partners LLC now owns 7,782 shares of the industrial products company's stock valued at $964,000 after purchasing an additional 4,142 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 1.7%

EMR traded down $2.28 during mid-day trading on Friday, reaching $135.19. 1,821,855 shares of the stock were exchanged, compared to its average volume of 2,516,617. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $76.08 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30. The company has a 50 day moving average price of $137.38 and a two-hundred day moving average price of $122.82.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the firm earned $1.43 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on EMR shares. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price 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.