Monument Capital Management Makes New $226,000 Investment in Emerson Electric Co. (NYSE:EMR)

Monument Capital Management purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,990 shares of the industrial products company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Tobam raised its holdings in Emerson Electric by 2,275.0% during 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 bought a new position in shares of Emerson Electric in the 4th quarter valued at approximately $29,000. Tributary Capital Management LLC acquired a new stake in Emerson Electric in the 1st quarter worth approximately $35,000. Cape Investment Advisory Inc. boosted its position in Emerson Electric by 148.0% during the fourth 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. Finally, Rise Advisors LLC acquired a new position in Emerson Electric during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EMR. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays increased 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. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

Emerson Electric Trading Up 0.3 %

EMR stock opened at $109.56 on Thursday. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $109.98 and its 200-day moving average is $105.97. The firm has a market cap of $62.68 billion, a P/E ratio of 5.86, a P/E/G ratio of 1.86 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal 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 issued 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 was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

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.