Taylor Hoffman Capital Management LLC Increases Stake in Emerson Electric Co. $EMR

by · The Cerbat Gem

Taylor Hoffman Capital Management LLC lifted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,384 shares of the industrial products company’s stock after purchasing an additional 314 shares during the period. Taylor Hoffman Capital Management LLC’s holdings in Emerson Electric were worth $585,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Baron Wealth Management LLC grew its holdings in shares of Emerson Electric by 44.4% in the second quarter. Baron Wealth Management LLC now owns 4,260 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 1,309 shares during the last quarter. Goelzer Investment Management Inc. grew its holdings in shares of Emerson Electric by 2.0% in the second quarter. Goelzer Investment Management Inc. now owns 7,806 shares of the industrial products company’s stock worth $1,041,000 after purchasing an additional 150 shares during the last quarter. Fermata Advisors LLC bought a new position in shares of Emerson Electric in the second quarter worth about $206,000. LifePlan Financial LLC grew its holdings in shares of Emerson Electric by 12.9% in the second quarter. LifePlan Financial LLC now owns 7,720 shares of the industrial products company’s stock worth $1,029,000 after purchasing an additional 881 shares during the last quarter. Finally, New England Research & Management Inc. grew its holdings in shares of Emerson Electric by 21.0% in the second quarter. New England Research & Management Inc. now owns 4,708 shares of the industrial products company’s stock worth $628,000 after purchasing an additional 818 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several recent research reports. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Citigroup increased their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. KeyCorp increased 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. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Two equities 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.39.

View Our Latest Research Report on EMR

Emerson Electric Price Performance

Shares of NYSE EMR opened at $129.03 on Wednesday. The stock has a market capitalization of $72.62 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 2.64 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm’s 50 day simple moving average is $137.14 and its 200-day simple moving average is $123.00. 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 issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued 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 payout ratio is presently 45.38%.

About Emerson Electric

(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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