Ransom Advisory Ltd Has $1.85 Million Position in Emerson Electric Co. $EMR

Ransom Advisory Ltd lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 13,848 shares of the industrial products company’s stock after selling 100 shares during the quarter. Emerson Electric comprises 0.9% of Ransom Advisory Ltd’s holdings, making the stock its 28th largest holding. Ransom Advisory Ltd’s holdings in Emerson Electric were worth $1,846,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after purchasing an additional 5,504 shares during the period. North Capital Inc. bought a new position in shares of Emerson Electric during the first quarter worth about $211,000. Zurich Insurance Group Ltd FI bought a new position in shares of Emerson Electric during the fourth quarter worth about $3,003,000. Golden State Equity Partners bought a new position in shares of Emerson Electric during the first quarter worth about $459,000. Finally, Truist Financial Corp grew its holdings in shares of Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after buying an additional 18,069 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.7%

EMR stock opened at $135.19 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $137.38 and a two-hundred day moving average price of $122.86. The company has a market cap of $76.08 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.63 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

Analyst Ratings Changes

A number of research analysts recently issued reports on EMR shares. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. KeyCorp raised their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.39.

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.