Aviance Capital Partners LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Aviance Capital Partners 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 SEC. The fund bought 6,225 shares of the industrial products company’s stock, valued at approximately $706,000.

Other hedge funds have also recently bought and sold shares of the company. Tobam raised its stake in shares of Emerson Electric by 2,275.0% in 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 acquired a new position in shares of Emerson Electric during the fourth quarter worth about $29,000. Cape Investment Advisory Inc. grew 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 valued at $31,000 after buying an additional 188 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $36,000. Finally, Burkett Financial Services LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Barclays raised their target price on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Loop Capital boosted 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. 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 report on Monday, March 4th. 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 research note on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric Stock Performance

Shares of EMR opened at $108.00 on Tuesday. 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 1 year low of $83.10 and a 1 year high of $116.76. The firm has a fifty day moving average of $110.00 and a 200-day moving average of $105.79. The company has a market cap of $61.79 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.25 by $0.11. The firm 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 quarter in the prior year, the firm earned $1.09 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 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.