Childress Capital Advisors LLC Purchases New Position in Emerson Electric Co. $EMR

Childress Capital Advisors LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,372 shares of the industrial products company’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of Emerson Electric in the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the first quarter worth about $28,000. Fourth Dimension Wealth LLC grew its holdings in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.76.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $131.20 on Thursday. The firm’s 50-day moving average price is $134.71 and its 200-day moving average price is $124.26. 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 company has a market cap of $73.84 billion, a PE ratio of 28.21, a PEG ratio of 2.49 and a beta of 1.29. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Emerson Electric Company 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.