Global Assets Advisory LLC Acquires New Position in Emerson Electric Co. (NYSE:EMR)

Global Assets Advisory LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 45,530 shares of the industrial products company’s stock, valued at approximately $5,164,000.

Other large investors have also recently modified their holdings of the company. Tobam raised its holdings in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Security National Bank purchased a new stake in Emerson Electric during the 4th quarter worth about $29,000. Cape Investment Advisory Inc. boosted its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Burkett Financial Services LLC purchased a new position in Emerson Electric during the 4th quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $109.32 on Tuesday. The firm has a market cap of $62.54 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 1.81 and a beta of 1.34. The company has a 50-day simple moving average of $110.14 and a two-hundred day simple moving average of $105.29. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Mizuho increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Citigroup boosted their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Robert W. Baird decreased their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $121.76.

Emerson Electric 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.