PharVision Advisers LLC Takes $295,000 Position in Emerson Electric Co. $EMR

Key Points

• PharVision Advisers LLC acquired 2,688 shares of Emerson Electric Co., valued at approximately $295,000, indicating growing institutional interest in the company.
• Recent upgrades from analysts included a boost in price targets, with Wells Fargo raising theirs from $135 to $150, reflecting positive sentiment towards Emerson Electric.
• Emerson Electric declared a quarterly dividend of $0.5275, translating to an annualized yield of 1.6% with a payout ratio of 45.38%.

PharVision Advisers LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,688 shares of the industrial products company's stock, valued at approximately $295,000.

Other institutional investors have also bought and sold shares of the company. Clark Capital Management Group Inc. boosted its position in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after acquiring an additional 5,504 shares during the last quarter. North Capital Inc. bought a new stake in Emerson Electric during the first quarter valued at $211,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Emerson Electric during the fourth quarter valued at about $3,003,000. Finally, Golden State Equity Partners acquired a new position in shares of Emerson Electric during the first quarter valued at about $459,000. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EMR. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Citigroup upped their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Bank of America upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Up 1.2%

NYSE:EMR traded up $1.54 on Wednesday, hitting $133.59. The stock had a trading volume of 2,499,337 shares, compared to its average volume of 3,126,367. 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 cap of $75.18 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm's fifty day simple moving average is $137.50 and its two-hundred day simple moving average is $122.52.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current 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 is Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

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.