Shulman DeMeo Asset Management LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Shulman DeMeo Asset Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 13.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,290 shares of the industrial products company’s stock after buying an additional 390 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Emerson Electric were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tobam increased its position in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Security National Bank purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $29,000. Cape Investment Advisory Inc. raised its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares during the last quarter. Rise Advisors LLC acquired a new stake in Emerson Electric during the 1st quarter worth about $36,000. Finally, Burkett Financial Services LLC purchased a new position in Emerson Electric during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EMR shares. Wells Fargo & Company upped their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Mizuho raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays upped their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, Robert W. Baird dropped their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $122.76.

Emerson Electric Stock Up 2.0 %

NYSE EMR traded up $2.17 during trading on Thursday, reaching $108.29. 3,463,665 shares of the company’s stock were exchanged, compared to its average volume of 2,681,750. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76. The stock has a market cap of $61.95 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33. The company has a 50 day moving average price of $109.99 and a two-hundred day moving average price of $105.43.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) 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.