Tillman Hartley LLC Acquires New Shares in Emerson Electric Co. (NYSE:EMR)

Tillman Hartley LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,026 shares of the industrial products company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Swedbank AB boosted its position in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC boosted its position in Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the last quarter. Assetmark Inc. boosted its position in Emerson Electric by 16.5% in the third quarter. Assetmark Inc. now owns 7,759 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 1,097 shares during the last quarter. Baker Avenue Asset Management LP bought a new position in shares of Emerson Electric in the third quarter worth about $205,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Emerson Electric in the third quarter worth about $111,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.28.

Emerson Electric Stock Up 0.1 %

Shares of EMR opened at $110.87 on Thursday. The stock has a market capitalization of $62.52 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The business’s 50 day simple moving average is $122.86 and its 200-day simple moving average is $118.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.90%. Emerson Electric’s payout ratio is presently 50.36%.

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.