Processus Wealth & Capital Management LLC Purchases Shares of 11,879 Emerson Electric Co. (NYSE:EMR)

Processus Wealth & Capital Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 11,879 shares of the industrial products company’s stock, valued at approximately $1,156,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Advocates Investment Management boosted its position in Emerson Electric by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after purchasing an additional 101 shares in the last quarter. PFG Advisors boosted its position in Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 108 shares in the last quarter. Accel Wealth Management boosted its position in Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC boosted its position in Emerson Electric by 5.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 114 shares in the last quarter. Finally, Silverlake Wealth Management LLC boosted its position in Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 1.9 %

EMR opened at $106.46 on Monday. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The stock has a market capitalization of $60.91 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 1.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The business has a fifty day moving average price of $110.74 and a 200 day moving average price of $104.46.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EMR shares. UBS Group increased their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Loop Capital raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Mizuho raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Berenberg Bank lifted their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Bank of America lifted their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $121.76.

About Emerson Electric

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.