TFR Capital LLC. Acquires New Holdings in Emerson Electric Co. (NYSE:EMR)

TFR Capital LLC. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,089 shares of the industrial products company's stock, valued at approximately $339,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the fourth quarter valued at approximately $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the first quarter valued at approximately $28,000. Finally, Fourth Dimension Wealth LLC boosted its holdings in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EMR. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada increased their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays increased their price target on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $139.83.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.4%

Shares of EMR stock opened at $140.07 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $142.32. The stock has a market cap of $78.79 billion, a P/E ratio of 33.51, a P/E/G ratio of 2.72 and a beta of 1.29. The business has a fifty day simple moving average of $125.11 and a 200-day simple moving average of $118.95. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

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.

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