Talbot Financial LLC Grows Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Talbot Financial LLC increased its investment in Emerson Electric Co. by 32.8% during Q2, owning 101,083 shares worth approximately $13.48 million.
• Emerson Electric's latest earnings report showed an EPS of $1.52, slightly beating analyst expectations, and a revenue of $4.55 billion, just below consensus estimates.
• The company also announced a quarterly dividend of $0.5275 per share, equivalent to an annualized payout of $2.11, reflecting a dividend yield of 1.6%.

Talbot Financial LLC grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 32.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,083 shares of the industrial products company's stock after purchasing an additional 24,941 shares during the quarter. Talbot Financial LLC's holdings in Emerson Electric were worth $13,477,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake in Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after purchasing an additional 5,504 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $211,000. Davis Investment Partners LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $692,000. Golden State Equity Partners purchased a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $459,000. Finally, Truist Financial Corp raised its position in shares of Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after buying an additional 18,069 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $134.79 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $134.13 and a 200 day moving average price of $124.64. The company has a market cap of $75.86 billion, a P/E ratio of 28.99, a PEG ratio of 2.37 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate 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 was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Emerson Electric in a research report on Saturday, September 27th. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Citigroup lifted their target price 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. Two investment 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's stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $144.88.

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.

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