8,530 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Guidance Capital Inc.

Guidance Capital Inc. bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the first quarter, HoldingsChannel.com reports. The firm bought 8,530 shares of the industrial products company’s stock, valued at approximately $953,000.

A number of other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC boosted its position in Emerson Electric by 1.7% during the first quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock worth $695,000 after acquiring an additional 100 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after purchasing an additional 101 shares during the last quarter. Chemung Canal Trust Co. boosted its holdings in shares of Emerson Electric by 0.3% in the 1st quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock valued at $4,495,000 after purchasing an additional 103 shares during the last quarter. Stonehearth Capital Management LLC boosted its holdings in shares of Emerson Electric by 3.3% in the 1st quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 107 shares during the last quarter. Finally, PFG Advisors boosted its holdings in shares of Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.7 %

Shares of EMR traded up $1.87 during midday trading on Friday, hitting $110.16. The company had a trading volume of 4,756,234 shares, compared to its average volume of 2,308,747. The company’s 50 day moving average price is $110.00 and its 200 day moving average price is $105.70. The stock has a market cap of $63.02 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 1.84 and a beta of 1.33. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion during 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 company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, equities research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EMR shares. Barclays lifted their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, Bank of America lifted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Four 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.com, the company has an average rating of “Moderate Buy” and an average target price of $122.76.

About Emerson Electric

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.