HBW Advisory Services LLC Purchases New Stake in Emerson Electric Co. (NYSE:EMR)

HBW Advisory Services LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,922 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other hedge funds have also bought and sold shares of the business. PFG Advisors grew its position in Emerson Electric by 3.8% in the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 96 shares during the period. Lake Street Private Wealth LLC lifted its stake in Emerson Electric by 2.3% during the 1st quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 99 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in Emerson Electric by 1.7% during the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock valued at $695,000 after acquiring an additional 100 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Emerson Electric by 1.0% during the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 101 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in Emerson Electric by 1.3% during the 1st quarter. Manchester Capital Management LLC now owns 7,992 shares of the industrial products company’s stock valued at $906,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock traded up $1.37 during mid-day trading on Tuesday, reaching $107.76. 3,019,009 shares of the company traded hands, compared to its average volume of 2,631,860. 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 company has a market capitalization of $61.65 billion, a P/E ratio of 5.79, a P/E/G ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a fifty day moving average price of $111.19 and a 200-day moving average price of $109.09.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EMR. Robert W. Baird dropped their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and lifted their target price for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Wells Fargo & Company lifted their target price on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Citigroup lifted their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Redburn Atlantic assumed coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.88.

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.