Oak Thistle LLC Acquires Shares of 4,234 Emerson Electric Co. (NYSE:EMR)

Oak Thistle LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,234 shares of the industrial products company’s stock, valued at approximately $480,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Bank of Nova Scotia raised its stake in Emerson Electric by 56.3% in the third quarter. Bank of Nova Scotia now owns 85,405 shares of the industrial products company’s stock valued at $8,248,000 after buying an additional 30,750 shares during the period. Ancora Advisors LLC grew its position in shares of Emerson Electric by 17.7% in the third quarter. Ancora Advisors LLC now owns 1,976 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 297 shares during the last quarter. Waverly Advisors LLC grew its position in shares of Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares during the last quarter. United Services Automobile Association grew its position in shares of Emerson Electric by 1.0% in the third quarter. United Services Automobile Association now owns 15,845 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 164 shares during the last quarter. Finally, Logan Capital Management Inc. grew its position in shares of Emerson Electric by 9.3% in the third quarter. Logan Capital Management Inc. now owns 44,984 shares of the industrial products company’s stock valued at $4,344,000 after purchasing an additional 3,833 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Loop Capital upped their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Berenberg Bank increased their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company increased their price target on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. 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 company currently has an average rating of “Moderate Buy” and an average target price of $122.76.

Emerson Electric Price Performance

Shares of EMR traded down $2.16 during trading hours on Monday, reaching $108.00. The stock had a trading volume of 2,422,291 shares, compared to its average volume of 2,696,271. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The stock has a market capitalization of $61.79 billion, a PE ratio of 5.78, a PEG ratio of 1.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company’s 50-day moving average is $110.00 and its two-hundred day moving average is $105.79.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating 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 analysts’ expectations of $4.29 billion. During the same period in the prior year, the company earned $1.09 EPS. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric 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.