Interval Partners LP Purchases New Shares in Emerson Electric Co. (NYSE:EMR)

Interval Partners LP acquired a new position in Emerson Electric Co. (NYSE:EMR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 112,086 shares of the industrial products company’s stock, valued at approximately $12,713,000.

Several other hedge funds have also recently modified their holdings of the company. Tobam raised its holdings in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Emerson Electric in the first quarter valued at $29,000. Security National Bank purchased a new position in shares of Emerson Electric during the 4th quarter valued at $29,000. Cape Investment Advisory Inc. grew its stake in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in Emerson Electric in the 1st quarter worth about $31,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EMR shares. Robert W. Baird cut their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Barclays increased their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $2.10 during mid-day trading on Tuesday, reaching $115.70. 3,039,420 shares of the company were exchanged, compared to its average volume of 2,630,319. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company’s 50 day moving average price is $111.31 and its 200 day moving average price is $108.44. The stock has a market capitalization of $66.19 billion, a PE ratio of 6.30, a PEG ratio of 1.99 and a beta of 1.32. 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 (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. Sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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 $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.82%. Emerson Electric’s dividend payout ratio (DPR) is 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.