Blue Square Asset Management LLC Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

Blue Square Asset Management LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 15.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 18,398 shares of the industrial products company’s stock after buying an additional 2,489 shares during the period. Emerson Electric makes up approximately 1.4% of Blue Square Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Blue Square Asset Management LLC’s holdings in Emerson Electric were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of EMR. Capital Management Associates NY increased its holdings in Emerson Electric by 150.0% during the 1st quarter. Capital Management Associates NY now owns 10,000 shares of the industrial products company’s stock valued at $1,134,000 after purchasing an additional 6,000 shares during the period. Signaturefd LLC boosted its position in Emerson Electric by 6.9% during the 1st quarter. Signaturefd LLC now owns 12,121 shares of the industrial products company’s stock valued at $1,375,000 after acquiring an additional 780 shares in the last quarter. Catalina Capital Group LLC bought a new stake in Emerson Electric during the 1st quarter valued at approximately $419,000. Mediolanum International Funds Ltd bought a new stake in Emerson Electric during the 1st quarter valued at approximately $398,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Emerson Electric by 89.7% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,939 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 2,335 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EMR. Citigroup boosted their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Loop Capital upped their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Robert W. Baird lowered their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $123.44.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $2.65 during midday trading on Thursday, hitting $114.15. The company had a trading volume of 2,161,683 shares, compared to its average volume of 2,643,509. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.88 and a beta of 1.32. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The company has a fifty day moving average of $110.11 and a two-hundred day moving average of $106.49.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.