Thurston Springer Miller Herd & Titak Inc. Buys 4,373 Shares of Emerson Electric Co. $EMR

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Emerson Electric Co. by 14.9%, holding 33,778 shares valued at approximately $4.5 million as of the end of the second quarter.
• Emerson Electric reported a quarterly earnings per share (EPS) of $1.52, exceeding analysts' expectations and showing a 3.9% increase in revenue compared to the same quarter last year.
• Emerson Electric's current stock price is down 1.7%, with a market capitalization of $76.08 billion and a consensus rating of "Moderate Buy" among analysts.

Thurston Springer Miller Herd & Titak Inc. increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,778 shares of the industrial products company's stock after acquiring an additional 4,373 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Emerson Electric were worth $4,504,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings 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 acquiring an additional 5,504 shares during the last quarter. North Capital Inc. purchased a new stake in Emerson Electric in the 1st quarter worth about $211,000. Zurich Insurance Group Ltd FI purchased a new position in Emerson Electric during the 4th quarter valued at about $3,003,000. Golden State Equity Partners purchased a new position in Emerson Electric during the 1st quarter valued at about $459,000. Finally, Truist Financial Corp grew its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.2%

Shares of EMR traded down $0.28 during mid-day trading on Friday, hitting $131.64. 912,699 shares of the company's stock traded hands, compared to its average volume of 3,124,693. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm has a market capitalization of $74.08 billion, a P/E ratio of 28.31, a PEG ratio of 2.48 and a beta of 1.30. The business's 50-day moving average price is $136.79 and its 200-day moving average price is $123.16.

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

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EMR shares. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price 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.