Transcendent Capital Group LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Transcendent Capital Group LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 1st quarter, HoldingsChannel reports. The firm purchased 275 shares of the industrial products company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Emerson Electric by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 39,482 shares of the industrial products company’s stock worth $3,843,000 after buying an additional 848 shares in the last quarter. Trueblood Wealth Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $217,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Emerson Electric during the fourth quarter worth about $191,000. Global Retirement Partners LLC lifted its stake in Emerson Electric by 12.9% during the fourth quarter. Global Retirement Partners LLC now owns 7,065 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 809 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Emerson Electric by 20.6% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 436,554 shares of the industrial products company’s stock worth $42,490,000 after purchasing an additional 74,445 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company raised their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Mizuho raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Citigroup lifted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $123.44.

Emerson Electric Trading Up 0.8 %

EMR stock traded up $0.96 during trading on Monday, hitting $117.80. The company had a trading volume of 1,905,009 shares, compared to its average volume of 2,627,478. The firm has a 50-day moving average price of $111.23 and a 200-day moving average price of $108.27. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.99 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.