Resolute Capital Asset Partners LLC Purchases 5,000 Shares of Emerson Electric Co. (NYSE:EMR)

Resolute Capital Asset Partners LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 16.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,000 shares of the industrial products company’s stock after purchasing an additional 5,000 shares during the quarter. Emerson Electric comprises 2.2% of Resolute Capital Asset Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Resolute Capital Asset Partners LLC’s holdings in Emerson Electric were worth $3,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Security National Bank bought a new position in shares of Emerson Electric in the 4th quarter worth about $29,000. Cape Investment Advisory Inc. increased its stake in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $31,000. Burkett Financial Services LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Oppenheimer dropped their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird raised their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Barclays reduced their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $124.29.

Emerson Electric Trading Down 0.2 %

NYSE:EMR opened at $103.70 on Thursday. The business has a fifty day moving average price of $107.39 and a 200-day moving average price of $109.50. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a market capitalization of $59.33 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. Sell-side analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.03%. Emerson Electric’s 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.