Farmers & Merchants Investments Inc. boosted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 184,032 shares of the industrial products company’s stock after purchasing an additional 7,881 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Emerson Electric were worth $16,037,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $32,000. Capital Advisors Ltd. LLC lifted its position in Emerson Electric by 201.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 651 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 435 shares during the last quarter. Certified Advisory Corp acquired a new stake in Emerson Electric during the first quarter worth approximately $34,000. OLD Mission Capital LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $35,000. Finally, Kepos Capital LP acquired a new stake in Emerson Electric during the fourth quarter worth approximately $37,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on EMR shares. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $83.00 to $107.00 in a research report on Tuesday, August 22nd. Morgan Stanley raised their target price on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. HSBC raised shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $79.00 to $100.00 in a report on Wednesday, June 14th. Mizuho raised their target price on shares of Emerson Electric from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Finally, Barclays assumed coverage on shares of Emerson Electric in a report on Monday. They set an “equal weight” rating and a $105.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.82.
Emerson Electric Price Performance
Shares of NYSE EMR traded down $0.04 during midday trading on Thursday, reaching $98.25. 2,577,152 shares of the company were exchanged, compared to its average volume of 3,201,463. The stock’s 50-day moving average price is $93.01 and its 200-day moving average price is $86.94. The stock has a market cap of $56.15 billion, a P/E ratio of 4.30, a PEG ratio of 2.30 and a beta of 1.41. Emerson Electric Co. has a one year low of $72.40 and a one year high of $99.65. The company has a quick ratio of 2.07, a current ratio of 2.38 and a debt-to-equity ratio of 0.29.
Emerson Electric (NYSE:EMR – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.12%. Emerson Electric’s dividend payout ratio (DPR) is presently 9.09%.
Insider Transactions at Emerson Electric
In other news, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the transaction, the vice president now owns 51,748 shares in the company, valued at $4,639,208.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is owned by company insiders.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.
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