Creekmur Asset Management LLC Purchases 138 Shares of Emerson Electric Co. (NYSE:EMR)

Creekmur Asset Management LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,173 shares of the industrial products company’s stock after purchasing an additional 138 shares during the quarter. Creekmur Asset Management LLC’s holdings in Emerson Electric were worth $700,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in shares of 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. Quent Capital LLC grew its position in shares of Emerson Electric by 8.9% in the 4th quarter. Quent Capital LLC now owns 1,757 shares of the industrial products company’s stock valued at $171,000 after buying an additional 143 shares during the last quarter. Realta Investment Advisors raised its position in shares of Emerson Electric by 15.8% during the fourth quarter. Realta Investment Advisors now owns 2,752 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 376 shares during the last quarter. PFG Advisors lifted its stake in shares of 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 acquiring an additional 108 shares during the period. Finally, Argus Investors Counsel Inc. boosted its holdings in Emerson Electric by 1.2% in the fourth quarter. Argus Investors Counsel Inc. now owns 16,630 shares of the industrial products company’s stock valued at $1,619,000 after acquiring an additional 200 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.2 %

Shares of Emerson Electric stock traded up $1.37 on Wednesday, hitting $117.07. The company had a trading volume of 2,020,029 shares, compared to its average volume of 2,626,138. The stock has a market capitalization of $66.98 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 2.01 and a beta of 1.32. 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 Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The stock has a 50 day moving average of $111.40 and a 200-day moving average of $108.64.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the business earned $1.09 EPS. The business’s revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.79%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EMR shares. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company boosted 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, June 26th. Loop Capital raised their target price on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Redburn Atlantic assumed coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.44.

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.