Davis R M Inc. Acquires 896 Shares of Emerson Electric Co. (NYSE:EMR)

by · The Cerbat Gem

Davis R M Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,539 shares of the industrial products company’s stock after purchasing an additional 896 shares during the period. Davis R M Inc.’s holdings in Emerson Electric were worth $1,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC lifted its holdings in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Citigroup upped their price target 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. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Finally, Barclays boosted their price target on Emerson Electric from $118.00 to $125.00 and gave the company an “underweight” rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $142.28.

Read Our Latest Report on Emerson Electric

Emerson Electric Stock Performance

NYSE EMR opened at $145.37 on Friday. The firm has a market capitalization of $81.77 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $133.17 and its two-hundred day moving average price is $121.15. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR – Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.48%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Profile

(Free Report)

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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