Tributary Capital Management LLC Buys Shares of 310 Emerson Electric Co. (NYSE:EMR)

Tributary Capital Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 310 shares of the industrial products company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tobam boosted its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Security National Bank bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. raised its holdings 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 valued at $31,000 after buying an additional 188 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

NYSE EMR opened at $109.27 on Wednesday. The stock has a market capitalization of $62.51 billion, a P/E ratio of 5.85, a P/E/G ratio of 1.88 and a beta of 1.32. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76. The business’s fifty day moving average is $109.99 and its two-hundred day moving average is $105.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share 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 analysts’ expectations of $4.29 billion. During the same period in the previous year, the company posted $1.09 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed 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. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EMR shares. Robert W. Baird cut 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. Mizuho lifted 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. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. UBS Group boosted their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Berenberg Bank boosted their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.