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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after buying an additional 232,540 shares during the last quarter. StoneX Group Inc. grew its stake in shares of Emerson Electric by 23.5% during the 4th quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company’s stock worth $4,081,000 after acquiring an additional 6,264 shares in the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Emerson Electric by 28.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,735 shares of the industrial products company’s stock worth $2,363,000 after purchasing an additional 4,151 shares in the last quarter. Cannell & Spears LLC boosted its holdings in Emerson Electric by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 48,186 shares of the industrial products company’s stock worth $5,972,000 after purchasing an additional 598 shares during the last quarter. Finally, Summit Financial LLC grew its position in Emerson Electric by 136.1% in the fourth quarter. Summit Financial LLC now owns 19,094 shares of the industrial products company’s stock valued at $2,366,000 after purchasing an additional 11,007 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.0 %

EMR opened at $109.74 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a fifty day moving average of $120.46 and a 200-day moving average of $119.81. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market capitalization of $61.88 billion, a P/E ratio of 26.19, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business 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. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s payout ratio is 50.36%.

Analysts Set New Price Targets

EMR has been the subject of a number of recent research reports. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday, March 26th. Finally, Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

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.