Ade LLC Has $885,000 Position in Emerson Electric Co. (NYSE:EMR)

Ade LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,800 shares of the industrial products company’s stock after selling 480 shares during the period. Emerson Electric makes up about 0.6% of Ade LLC’s portfolio, making the stock its 27th biggest holding. Ade LLC’s holdings in Emerson Electric were worth $885,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Emerson Electric by 223.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 37,100 shares of the industrial products company’s stock worth $3,583,000 after buying an additional 25,643 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Emerson Electric by 56.3% during the 3rd quarter. Bank of Nova Scotia now owns 85,405 shares of the industrial products company’s stock worth $8,248,000 after buying an additional 30,750 shares in the last quarter. Morningstar Investment Services LLC raised its holdings in shares of Emerson Electric by 8.8% during the 3rd quarter. Morningstar Investment Services LLC now owns 4,583 shares of the industrial products company’s stock worth $445,000 after buying an additional 371 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Emerson Electric by 17.7% during the 3rd quarter. Ancora Advisors LLC now owns 1,976 shares of the industrial products company’s stock worth $191,000 after buying an additional 297 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after buying an additional 7,565 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR traded up $1.87 on Friday, reaching $110.16. 4,756,234 shares of the company’s stock traded hands, compared to its average volume of 2,308,747. 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 stock has a market cap of $63.02 billion, a PE ratio of 5.89, a PEG ratio of 1.84 and a beta of 1.33. The stock’s 50 day simple moving average is $110.00 and its two-hundred day simple moving average is $105.79. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $116.76.

Emerson Electric (NYSE:EMR) last released its 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 during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company increased their price target on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Berenberg Bank increased their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target 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.