Creekmur Asset Management LLC Buys 138 Shares of Emerson Electric Co. (NYSE:EMR)

Creekmur Asset Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,173 shares of the industrial products company’s stock after buying an additional 138 shares during the quarter. Creekmur Asset Management LLC’s holdings in Emerson Electric were worth $700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tobam lifted its holdings in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the period. Accordant Advisory Group Inc acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $29,000. Security National Bank bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $29,000. Cape Investment Advisory Inc. grew its position in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth $31,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 1.2 %

Shares of Emerson Electric stock traded up $1.37 during trading on Wednesday, reaching $117.07. 2,020,029 shares of the company were exchanged, compared to its average volume of 2,626,138. The business has a 50-day moving average price of $111.40 and a 200-day moving average price of $108.64. The firm has a market capitalization of $66.98 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 2.01 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EMR shares. Mizuho upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup lifted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Loop Capital increased their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Robert W. Baird decreased their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $123.44.

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.