275 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Transcendent Capital Group LLC

Transcendent Capital Group LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 275 shares of the industrial products company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Emerson Electric by 15.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock valued at $125,515,000 after purchasing an additional 149,446 shares during the period. BOKF NA increased its stake in Emerson Electric by 22.0% in the first quarter. BOKF NA now owns 222,919 shares of the industrial products company’s stock valued at $25,310,000 after purchasing an additional 40,161 shares during the period. Kestra Advisory Services LLC increased its stake in Emerson Electric by 9.9% in the first quarter. Kestra Advisory Services LLC now owns 187,615 shares of the industrial products company’s stock valued at $21,279,000 after purchasing an additional 16,839 shares during the period. LRI Investments LLC acquired a new position in shares of Emerson Electric during the first quarter worth about $617,000. Finally, 1832 Asset Management L.P. increased its stake in shares of Emerson Electric by 311.3% during the first quarter. 1832 Asset Management L.P. now owns 239,626 shares of the industrial products company’s stock worth $27,178,000 after acquiring an additional 181,371 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.8 %

Shares of NYSE:EMR traded up $0.96 during trading on Monday, reaching $117.80. The stock had a trading volume of 1,905,009 shares, compared to its average volume of 2,627,478. The business has a fifty day moving average price of $111.23 and a 200-day moving average price of $108.27. 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 stock has a market cap of $67.39 billion, a P/E ratio of 6.25, a PEG ratio of 1.99 and a beta of 1.32. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. As a group, analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared 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 1.78%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EMR shares. Redburn Atlantic started coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Finally, Mizuho boosted their price objective 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. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $123.44.

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.