Spirepoint Private Client LLC Takes $214,000 Position in Emerson Electric Co. (NYSE:EMR)

Spirepoint Private Client LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,887 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tobam grew its stake 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 acquiring an additional 273 shares during the period. Accordant Advisory Group Inc bought a new position in Emerson Electric during the first quarter worth about $29,000. Security National Bank purchased a new position in shares of Emerson Electric in the fourth quarter worth about $29,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $32,000. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EMR shares. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and increased their target price for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Citigroup raised 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. Robert W. Baird lowered their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Mizuho 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 note on Thursday, May 9th. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.86 during trading on Friday, hitting $115.68. 2,657,799 shares of the stock traded hands, compared to its average volume of 2,370,303. The firm’s fifty day moving average is $111.00 and its 200-day moving average is $107.44. The stock has a market cap of $66.18 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.97 and a beta of 1.32. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. 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 (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 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 period last year, the firm posted $1.09 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.82%. Emerson Electric’s payout ratio is 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.