Shulman DeMeo Asset Management LLC Buys 390 Shares of Emerson Electric Co. (NYSE:EMR)

Shulman DeMeo Asset Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 13.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,290 shares of the industrial products company’s stock after acquiring an additional 390 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Emerson Electric were worth $373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waverly Advisors LLC boosted its position in Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC purchased a new stake in Emerson Electric during the 4th quarter valued at about $241,000. Vanguard Personalized Indexing Management LLC grew its position in Emerson Electric by 23.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after acquiring an additional 9,300 shares during the last quarter. Capital Advisors Inc. OK lifted its position in Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $3,358,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent research reports. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Wells Fargo & Company lifted their price objective on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Mizuho upped their target price 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, Bank of America boosted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric Trading Up 2.0 %

NYSE EMR traded up $2.17 during trading on Thursday, hitting $108.29. The stock had a trading volume of 3,463,665 shares, compared to its average volume of 2,681,750. Emerson Electric Co. has a one year low of $83.10 and a one year high of $116.76. The stock has a 50 day simple moving average of $109.99 and a 200 day simple moving average of $105.43. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 5.77, a P/E/G ratio of 1.80 and a beta of 1.33. 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 (NYSE:EMR) last posted its quarterly 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. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. 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.