Ransom Advisory Ltd Invests $1.53 Million in Emerson Electric Co. $EMR

Ransom Advisory Ltd bought a new stake in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,948 shares of the industrial products company’s stock, valued at approximately $1,529,000.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after purchasing an additional 5,504 shares in the last quarter. North Capital Inc. acquired a new stake in Emerson Electric during the first quarter worth $211,000. Zurich Insurance Group Ltd FI bought a new stake in Emerson Electric in the 4th quarter valued at $3,003,000. Golden State Equity Partners acquired a new position in shares of Emerson Electric in the 1st quarter valued at $459,000. Finally, Truist Financial Corp lifted its holdings in shares of Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after acquiring an additional 18,069 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $132.14 on Wednesday. The business has a fifty day moving average of $137.50 and a 200-day moving average of $122.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a market cap of $74.37 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric’s payout ratio is 45.38%.

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.