Ridgewood Investments LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Ridgewood Investments LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,053 shares of the industrial products company’s stock, valued at approximately $233,000.

Several other large investors have also recently modified their holdings of EMR. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $2,028,000. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $388,000. FMR LLC raised its stake in shares of Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of Emerson Electric by 5.9% during the third quarter. Rathbones Group PLC now owns 41,440 shares of the industrial products company’s stock valued at $4,002,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Emerson Electric by 9.7% during the third quarter. Acadian Asset Management LLC now owns 37,390 shares of the industrial products company’s stock valued at $3,606,000 after buying an additional 3,317 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays boosted their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Loop Capital raised their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.76.

Emerson Electric Trading Up 0.2 %

EMR stock opened at $108.41 on Friday. The company has a market capitalization of $62.02 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 1.81 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. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The business has a 50 day simple moving average of $110.19 and a two-hundred day simple moving average of $104.91.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric Company 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.