Emerson Electric Co. (NYSE:EMR) Shares Bought by LVW Advisors LLC

LVW Advisors LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 55.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,238 shares of the industrial products company’s stock after buying an additional 1,512 shares during the quarter. LVW Advisors LLC’s holdings in Emerson Electric were worth $481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tobam grew its position in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Security National Bank acquired a new position in shares of Emerson Electric during the fourth quarter worth about $29,000. Cape Investment Advisory Inc. grew its position in shares of 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. Burkett Financial Services LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric during the fourth quarter worth about $35,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Citigroup upped their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Loop Capital upped 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. Barclays upped their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric Price Performance

Emerson Electric stock opened at $108.00 on Tuesday. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The business has a 50 day simple moving average of $110.00 and a 200-day simple moving average of $105.79. The stock has a market capitalization of $61.79 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released 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 return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

About Emerson Electric

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.