Tevis Investment Management Raises Stake in Emerson Electric Co. $EMR

Tevis Investment Management raised its position in Emerson Electric Co. (NYSE:EMR) by 479.8% in the second quarter, Holdings Channel reports. The fund owned 9,938 shares of the industrial products company’s stock after buying an additional 8,224 shares during the period. Tevis Investment Management’s holdings in Emerson Electric were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EMR. Saudi Central Bank purchased a new position in Emerson Electric in the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric in the first quarter worth approximately $27,000. PFS Partners LLC lifted its stake in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $134.41 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $75.64 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.29 and a beta of 1.29. The company’s fifty day moving average is $131.83 and its two-hundred day moving average is $127.51. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

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.