Emerson Electric Co. (NYSE:EMR) Stake Boosted by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 85.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,299 shares of the industrial products company’s stock after purchasing an additional 2,905 shares during the quarter. Atomi Financial Group Inc.’s holdings in Emerson Electric were worth $694,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter worth $31,000. Security National Bank acquired a new stake in Emerson Electric in the fourth quarter worth $29,000. Tributary Capital Management LLC acquired a new stake in Emerson Electric in the first quarter worth $35,000. Cape Investment Advisory Inc. increased 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 worth $31,000 after buying an additional 188 shares during the period. Finally, Rise Advisors LLC acquired a new stake in Emerson Electric in the first quarter worth $36,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 0.3 %

Shares of EMR traded up $0.34 during midday trading on Wednesday, reaching $104.20. 78,027 shares of the stock were exchanged, compared to its average volume of 2,664,516. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The firm has a 50 day simple moving average of $109.73 and a 200-day simple moving average of $109.95. 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 company has a market cap of $59.61 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 1.93 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business earned $1.29 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EMR shares. Oppenheimer dropped their target price on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Mizuho raised their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Loop Capital raised their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.33.

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.