Sunbelt Securities Inc. Purchases 1,502 Shares of Emerson Electric Co. (NYSE:EMR)

Sunbelt Securities Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 50.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,491 shares of the industrial products company’s stock after acquiring an additional 1,502 shares during the quarter. Sunbelt Securities Inc.’s holdings in Emerson Electric were worth $509,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Tobam increased its stake in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Security National Bank acquired a new stake in Emerson Electric in the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. raised its stake in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares during the last quarter. Burkett Financial Services LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EMR. Wells Fargo & Company increased their price objective on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Robert W. Baird reduced their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.76.

Emerson Electric Stock Performance

Shares of EMR stock opened at $106.09 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The company’s 50 day moving average price is $110.07 and its two-hundred day moving average price is $105.42. The company has a market capitalization of $60.69 billion, a P/E ratio of 5.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33.

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

Emerson Electric Dividend Announcement

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. This represents a $2.10 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.