Emerson Electric Co. (NYSE:EMR) Shares Purchased by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% during the 1st quarter, HoldingsChannel reports. The firm owned 2,784 shares of the industrial products company’s stock after buying an additional 118 shares during the period. Sandy Cove Advisors LLC’s holdings in Emerson Electric were worth $316,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Tobam raised its holdings in 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 last quarter. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. lifted 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 buying an additional 188 shares in the last quarter. Rise Advisors LLC acquired a new position in Emerson Electric during the first quarter worth $36,000. Finally, Burkett Financial Services LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Berenberg Bank raised their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Barclays increased their price target on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company lifted their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the company 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. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $122.76.

Emerson Electric Stock Up 1.7 %

NYSE EMR traded up $1.87 during trading on Friday, reaching $110.16. 4,756,234 shares of the company’s stock were exchanged, compared to its average volume of 2,308,747. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76. The stock has a market cap of $63.02 billion, a P/E ratio of 5.89, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company has a 50 day moving average price of $110.00 and a two-hundred day moving average price of $105.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company 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. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend 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.