4,467 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,467 shares of the industrial products company’s stock, valued at approximately $507,000.

Several other large investors have also recently made changes to their positions in EMR. Tobam grew 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 buying an additional 273 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in Emerson Electric in the 1st quarter valued at $29,000. Security National Bank purchased a new stake in Emerson Electric in the 4th quarter valued at $29,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% in the 4th 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 during the last quarter. Finally, Burkett Financial Services LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $32,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE:EMR traded down $0.10 during mid-day trading on Friday, reaching $109.46. 1,468,588 shares of the stock were exchanged, compared to its average volume of 2,114,307. The company has a 50 day simple moving average of $109.97 and a 200-day simple moving average of $106.11. The stock has a market capitalization of $62.62 billion, a P/E ratio of 5.86, a P/E/G ratio of 1.87 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business posted $1.09 EPS. The company’s revenue was up 16.5% on a year-over-year basis. Analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent analyst reports. Loop Capital upped their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Barclays increased their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, UBS Group increased their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

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.