Blue Square Asset Management LLC Purchases 1,427 Shares of Emerson Electric Co. (NYSE:EMR)

Blue Square Asset Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 7.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,825 shares of the industrial products company’s stock after acquiring an additional 1,427 shares during the quarter. Emerson Electric comprises about 1.3% of Blue Square Asset Management LLC’s holdings, making the stock its 28th biggest holding. Blue Square Asset Management LLC’s holdings in Emerson Electric were worth $2,184,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $31,000. Security National Bank bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $35,000. Cape Investment Advisory Inc. boosted its position in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the period. Finally, Rise Advisors LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $36,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on EMR. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Oppenheimer lowered their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.06.

Emerson Electric Stock Down 0.5 %

Shares of NYSE EMR opened at $99.10 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The firm’s fifty day moving average is $108.32 and its 200 day moving average is $109.70. The company has a market cap of $56.75 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 1.63 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. On average, equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.