Tillman Hartley LLC Purchases Shares of 1,560 Emerson Electric Co. $EMR

Tillman Hartley LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,560 shares of the industrial products company’s stock, valued at approximately $208,000.

A number of other large investors also recently added to or reduced their stakes in the business. Davis Investment Partners LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $692,000. CORDA Investment Management LLC. acquired a new stake in shares of Emerson Electric in the second quarter valued at about $1,173,000. HighTower Advisors LLC increased its stake in shares of Emerson Electric by 1.6% during the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock worth $78,540,000 after purchasing an additional 11,097 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in shares of Emerson Electric by 13.8% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock worth $1,877,000 after purchasing an additional 2,071 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in Emerson Electric by 5.6% in the 1st quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock valued at $100,503,000 after buying an additional 48,226 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Jefferies Financial Group decreased their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Daiwa Capital Markets increased their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned 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, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.61.

Emerson Electric Price Performance

Shares of EMR stock opened at $129.27 on Monday. The firm’s 50-day moving average is $132.37 and its two-hundred day moving average is $129.97. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $72.75 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

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

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio is currently 54.95%.

Emerson Electric announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.