Kesler Norman & Wride LLC Acquires 447 Shares of Emerson Electric Co. (NYSE:EMR)

Kesler Norman & Wride LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,588 shares of the industrial products company’s stock after buying an additional 447 shares during the period. Kesler Norman & Wride LLC’s holdings in Emerson Electric were worth $5,624,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tobam increased 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 valued at $28,000 after purchasing 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. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $35,000. Cape Investment Advisory Inc. increased 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 valued at $31,000 after purchasing an additional 188 shares during the period. Finally, Rise Advisors LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $36,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EMR. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Barclays boosted their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. UBS Group boosted their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Berenberg Bank boosted 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. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

Emerson Electric Trading Up 0.3 %

Shares of EMR stock traded up $0.29 on Thursday, reaching $109.56. 1,074,795 shares of the stock were exchanged, compared to its average volume of 2,281,336. The stock has a market cap of $62.68 billion, a PE ratio of 5.86, a P/E/G ratio of 1.86 and a beta of 1.32. Emerson Electric Co. has a one year low of $83.10 and a one year 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 stock has a 50 day moving average price of $109.98 and a 200 day moving average price of $105.99.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. Equities research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s payout ratio is currently 11.24%.

Emerson Electric 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.