Revolve Wealth Partners LLC Makes New $232,000 Investment in Emerson Electric Co. (NYSE:EMR)

Revolve Wealth Partners LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,043 shares of the industrial products company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Waverly Advisors LLC raised its position in shares of Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $241,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Emerson Electric by 23.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after buying an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of Emerson Electric by 821.0% in the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $3,358,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.0 %

Shares of NYSE EMR opened at $108.29 on Friday. The firm has a market cap of $61.95 billion, a PE ratio of 5.79, a P/E/G ratio of 1.77 and a beta of 1.33. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The company’s fifty day simple moving average is $109.99 and its 200 day simple moving average is $105.43. 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 (NYSE:EMR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Bank of America boosted their target price 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. Mizuho upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup upped their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $122.76.

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.