Atomi Financial Group Inc. Acquires 375 Shares of Emerson Electric Co. (NYSE:EMR)

Atomi Financial Group Inc. boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 12.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,394 shares of the industrial products company’s stock after purchasing an additional 375 shares during the quarter. Atomi Financial Group Inc.’s holdings in Emerson Electric were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Montag A & Associates Inc. boosted its stake in Emerson Electric by 122.4% in the 1st quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock worth $2,129,000 after purchasing an additional 10,333 shares during the period. NTV Asset Management LLC raised its holdings in shares of Emerson Electric by 3.0% during the 1st quarter. NTV Asset Management LLC now owns 10,442 shares of the industrial products company’s stock worth $1,184,000 after acquiring an additional 300 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Emerson Electric by 2.4% during the 1st quarter. Forsta AP Fonden now owns 117,400 shares of the industrial products company’s stock worth $13,316,000 after acquiring an additional 2,800 shares in the last quarter. Avalon Trust Co raised its holdings in shares of Emerson Electric by 23.1% during the 1st quarter. Avalon Trust Co now owns 1,600 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 300 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Emerson Electric by 20.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 134,827 shares of the industrial products company’s stock worth $15,292,000 after acquiring an additional 22,886 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EMR shares. Citigroup upped their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Mizuho increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. StockNews.com lowered 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 report on Thursday, May 9th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $123.44.

Emerson Electric Stock Up 2.0 %

Shares of EMR traded up $2.27 during midday trading on Monday, reaching $116.86. 1,525,276 shares of the stock were exchanged, compared to its average volume of 2,630,981. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $117.35. 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 company’s 50 day moving average is $110.43 and its two-hundred day moving average is $106.80. The company has a market capitalization of $66.86 billion, a P/E ratio of 6.25, a PEG ratio of 1.96 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend 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.