Talbot Financial LLC Has $8.40 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Talbot Financial LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,031 shares of the industrial products company’s stock after acquiring an additional 1,036 shares during the period. Talbot Financial LLC’s holdings in Emerson Electric were worth $8,397,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EMR. Tobam increased its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Security National Bank bought a new stake in shares of Emerson Electric during the 4th quarter valued at $29,000. Cape Investment Advisory Inc. raised its position 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 valued at $31,000 after acquiring an additional 188 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 1.9 %

EMR traded down $2.11 during trading on Monday, hitting $108.05. 2,422,279 shares of the stock traded hands, compared to its average volume of 2,696,271. The firm has a 50-day moving average of $110.00 and a 200 day moving average of $105.79. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $61.82 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

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 company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared 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 1.94%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $122.76.

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.