HBW Advisory Services LLC Makes New $212,000 Investment in Emerson Electric Co. (NYSE:EMR)

HBW Advisory Services LLC bought a new position in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,922 shares of the industrial products company’s stock, valued at approximately $212,000.

Other institutional investors also recently modified their holdings of the company. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric in the first quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $31,000. Tobam grew its position 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 buying an additional 273 shares during the period. Security National Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $29,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 1.3 %

Shares of EMR stock traded up $1.37 during trading on Tuesday, reaching $107.76. The company’s stock had a trading volume of 3,019,009 shares, compared to its average volume of 2,631,860. 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 business has a fifty day moving average price of $111.19 and a 200-day moving average price of $109.09. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a market cap of $61.65 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EMR shares. Mizuho lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays boosted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, 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. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $123.88.

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.