Quadrature Capital Ltd Buys 19,537 Shares of Emerson Electric Co. (NYSE:EMR)

Quadrature Capital Ltd raised its position in Emerson Electric Co. (NYSE:EMR) by 30.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 83,492 shares of the industrial products company’s stock after buying an additional 19,537 shares during the period. Quadrature Capital Ltd’s holdings in Emerson Electric were worth $9,468,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC bought a new position in Emerson Electric in the fourth quarter valued at approximately $241,000. American National Bank & Trust Co. VA bought a new stake in Emerson Electric in the first quarter valued at about $1,011,000. Vanguard Personalized Indexing Management LLC lifted its stake in Emerson Electric by 23.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after buying an additional 9,300 shares during the period. Capital Advisors Inc. OK boosted its holdings in Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after buying an additional 76,868 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $3,358,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Barclays increased their price target on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.44.

Emerson Electric Stock Up 2.0 %

Shares of NYSE EMR traded up $2.25 during trading hours on Friday, hitting $116.84. The company had a trading volume of 1,488,603 shares, compared to its average volume of 2,255,435. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $111.23 and its 200-day moving average is $108.18. The stock has a market capitalization of $66.84 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. On average, analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio 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.