Emerson Electric Co. $EMR Shares Bought by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,488 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. Hall Capital Management Co. Inc.’s holdings in Emerson Electric were worth $2,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC increased its holdings in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter worth about $36,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $131.40 on Wednesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $133.51 and a 200-day moving average of $124.93. The firm has a market cap of $73.95 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup increased their price objective 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. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Stephens raised their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.29.

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.