Emerson Electric Co. (NYSE:EMR) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,573 shares of the industrial products company’s stock after purchasing an additional 742 shares during the period. RFG Advisory LLC’s holdings in Emerson Electric were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tobam boosted its holdings in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the last quarter. Security National Bank acquired a new position in Emerson Electric in the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. lifted its holdings in 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 acquiring an additional 188 shares during the last quarter. Burkett Financial Services LLC acquired a new position in Emerson Electric in the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent analyst reports. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Robert W. Baird decreased their price target on 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 upped their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft raised 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 research report on Thursday, May 9th. Finally, UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.76.

Emerson Electric Stock Performance

NYSE:EMR opened at $108.41 on Friday. 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 firm has a market capitalization of $62.02 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 1.81 and a beta of 1.33. The firm’s fifty day simple moving average is $110.19 and its 200 day simple moving average is $105.03. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $116.76.

Emerson Electric (NYSE:EMR) last released its quarterly 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. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is currently 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.