May Hill Capital LLC Acquires New Position in Emerson Electric Co. (NYSE:EMR)

May Hill Capital LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,176 shares of the industrial products company’s stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Stephens Consulting LLC bought a new position in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $28,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the 4th quarter valued at approximately $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $109.74 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a fifty day moving average price of $120.46 and a 200-day moving average price of $119.81. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Citigroup initiated coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

Emerson Electric Company 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.