Townsquare Capital LLC Buys 8,676 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Townsware Capital LLC increased its stake in Emerson Electric Co. by 54.3%, owning a total of 24,666 shares valued at approximately $2.7 million as of the latest quarter.
• Several institutional investors significantly boosted their holdings in Emerson Electric, with DZ BANK AG raising its stake by an impressive 3,866.2% during the fourth quarter.
• Emerson Electric recently reported an earnings per share (EPS) of $1.52 for the last quarter, slightly beating analysts' expectations, while the company also announced a quarterly dividend of $0.5275 per share.

Townsquare Capital LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 54.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,666 shares of the industrial products company's stock after purchasing an additional 8,676 shares during the quarter. Townsquare Capital LLC's holdings in Emerson Electric were worth $2,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new stake in Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric during the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the 1st quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC lifted its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after buying an additional 154 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Performance

Shares of EMR traded down $1.95 during midday trading on Friday, reaching $131.89. The stock had a trading volume of 1,672,642 shares, compared to its average volume of 3,171,951. The firm has a 50 day simple moving average of $136.37 and a 200-day simple moving average of $121.81. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm has a market cap of $74.23 billion, a PE ratio of 28.34, a P/E/G ratio of 2.63 and a beta of 1.32. 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 quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The company 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

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.