InterOcean Capital Group LLC Boosts Position in Emerson Electric Co. (NYSE:EMR)

InterOcean Capital Group LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,699 shares of the industrial products company’s stock after buying an additional 1,197 shares during the period. InterOcean Capital Group LLC’s holdings in Emerson Electric were worth $944,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Financial Advocates Investment Management grew its stake in Emerson Electric by 1.0% in the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after purchasing an additional 101 shares during the period. PFG Advisors grew its stake in Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 108 shares during the period. Accel Wealth Management grew its stake in Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its stake in Emerson Electric by 5.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 114 shares during the period. Finally, Silverlake Wealth Management LLC grew its stake in Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

EMR stock traded down $0.88 during trading on Thursday, reaching $113.80. The stock had a trading volume of 296,201 shares, compared to its average volume of 2,738,031. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $116.76. The stock’s 50 day moving average is $111.72 and its two-hundred day moving average is $101.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market cap of $65.10 billion, a PE ratio of 6.14, a PEG ratio of 1.90 and a beta of 1.36.

Emerson Electric (NYSE:EMRGet Free Report) last posted its earnings results 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. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays upped their price target on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and increased their target price for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Royal Bank of Canada increased their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Mizuho increased their target price on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, UBS Group increased their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $120.56.

Get Our Latest Stock Report on Emerson Electric

About Emerson Electric

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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