Emerson Electric Co. (NYSE:EMR) Shares Purchased by Westhampton Capital LLC

Westhampton Capital LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,962 shares of the industrial products company’s stock after acquiring an additional 465 shares during the period. Emerson Electric comprises about 1.1% of Westhampton Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Westhampton Capital LLC’s holdings in Emerson Electric were worth $2,037,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $241,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Emerson Electric by 23.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK lifted its stake in Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after purchasing an additional 76,868 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $3,358,000. Finally, Kesler Norman & Wride LLC increased its holdings in Emerson Electric by 162.0% during the 4th quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock valued at $4,783,000 after purchasing an additional 30,385 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.5 %

EMR stock traded up $0.53 during trading on Tuesday, hitting $108.58. The company had a trading volume of 759,860 shares, compared to its average volume of 2,680,903. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $62.12 billion, a P/E ratio of 5.78, a PEG ratio of 1.88 and a beta of 1.32. The company has a 50 day simple moving average of $110.00 and a 200-day simple moving average of $105.79. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $116.76.

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, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Mizuho boosted their target price on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Loop Capital boosted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Bank of America lifted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Citigroup increased their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.