Catalina Capital Group LLC Purchases Shares of 3,695 Emerson Electric Co. (NYSE:EMR)

Catalina Capital Group LLC acquired a new stake in Emerson Electric Co. (NYSE:EMRFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,695 shares of the industrial products company’s stock, valued at approximately $419,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tobam raised its stake in 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 acquiring an additional 273 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in Emerson Electric in the first quarter valued at $29,000. Security National Bank acquired a new position in Emerson Electric in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. increased its stake 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 purchasing an additional 188 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in Emerson Electric in the fourth quarter valued at $32,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.7 %

EMR traded up $1.91 during trading on Wednesday, hitting $111.50. 1,872,668 shares of the company’s stock were exchanged, compared to its average volume of 2,646,621. The company has a current ratio of 1.18, a quick ratio of 0.87 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. The stock has a 50 day moving average price of $110.01 and a 200 day moving average price of $106.46. The firm has a market cap of $63.79 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings data 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 company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. Emerson Electric’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid 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 1.88%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analyst Weigh In

A number of research analysts have commented on EMR shares. Robert W. Baird dropped their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price objective for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.44.

View Our Latest Stock Report on Emerson Electric

About Emerson Electric

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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