Southeast Asset Advisors LLC Takes $219,000 Position in Emerson Electric Co. $EMR

Key Points

• Southeast Asset Advisors LLC acquired a new stake in Emerson Electric Co., purchasing 2,000 shares valued at approximately $219,000 during the first quarter.
• Emerson Electric reported earnings per share of $1.52 for the last quarter, slightly exceeding expectations, with a revenue of $4.55 billion.
• The company announced a quarterly dividend of $0.5275, which represents a 1.6% dividend yield and is set to be paid on September 10th.

Southeast Asset Advisors LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the industrial products company's stock, valued at approximately $219,000.

Several other hedge funds have also recently bought and sold shares of EMR. Nuveen LLC purchased a new position in Emerson Electric in the 1st quarter valued at approximately $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after buying an additional 2,138,397 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after buying an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after buying an additional 1,117,646 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 2.0%

Shares of EMR traded down $2.65 during midday trading on Friday, reaching $131.91. 1,472,821 shares of the company were exchanged, compared to its average volume of 3,148,248. The stock has a 50-day moving average price of $137.47 and a 200-day moving average price of $122.12. The company has a market cap of $74.24 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.60 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 has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. Citigroup increased their target price 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 raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. 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. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

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.