Triton Financial Group Inc Takes $1.66 Million Position in Emerson Electric Co. $EMR

Key Points

• Triton Financial Group Inc has acquired a new position in Emerson Electric Co. valued at approximately $1.66 million, making it the firm's 26th largest holding.
• Wall Street analysts have a generally positive outlook for Emerson Electric, with the average price target set at $148.28 and multiple firms upgrading their ratings recently.
• Emerson Electric has a current dividend yield of 1.6% and recently declared a quarterly dividend of $0.5275, reinforcing its commitment to returning value to shareholders.

Triton Financial Group Inc acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,438 shares of the industrial products company's stock, valued at approximately $1,658,000. Emerson Electric comprises approximately 1.2% of Triton Financial Group Inc's investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC raised its holdings in shares of 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 during the last quarter. Finally, Garde Capital Inc. acquired a new position in Emerson Electric during the first quarter worth $36,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EMR shares. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, October 15th. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Jefferies Financial Group lowered their target price on shares of Emerson Electric from $160.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $148.28.

Emerson Electric Price Performance

NYSE:EMR opened at $130.32 on Tuesday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market cap of $73.34 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.24 and a beta of 1.29. The firm's fifty day moving average price is $131.90 and its two-hundred day moving average price is $126.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

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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