American National Bank & Trust Co. VA purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,912 shares of the industrial products company's stock, valued at approximately $1,011,000.
Other hedge funds have also recently made changes to their positions in the company. Tobam lifted 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 buying an additional 273 shares during the last quarter. Security National Bank purchased a new stake in Emerson Electric during the fourth quarter valued at approximately $29,000. Tributary Capital Management LLC acquired a new stake in Emerson Electric in 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 worth $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $36,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
NYSE:EMR traded up $0.29 during trading hours on Thursday, reaching $109.56. The company had a trading volume of 1,074,795 shares, compared to its average volume of 2,281,336. The firm has a market cap of $62.68 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 1.86 and a beta of 1.32. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The business's 50 day moving average price is $109.98 and its 200-day moving average price is $105.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. Research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders 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 yield of 1.92%. Emerson Electric's dividend payout ratio is currently 11.24%.
Wall Street Analysts Forecast Growth
EMR has been the topic of several research analyst reports. Robert W. Baird dropped their target price 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. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday, May 17th. Mizuho raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a "hold" rating to a "buy" rating and boosted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.76.
Get Our Latest Analysis on Emerson Electric
About Emerson Electric
(
Free Report)
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.
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