Tevis Investment Management Boosts Stake in Emerson Electric Co. $EMR

Tevis Investment Management lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 479.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,938 shares of the industrial products company’s stock after buying an additional 8,224 shares during the period. Tevis Investment Management’s holdings in Emerson Electric were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. First Horizon Advisors Inc. increased its position in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after purchasing an additional 5,504 shares during the last quarter. Davis Investment Partners LLC acquired a new stake in Emerson Electric during the second quarter worth about $692,000. North Capital Inc. acquired a new stake in Emerson Electric during the first quarter worth about $211,000. CORDA Investment Management LLC. acquired a new stake in Emerson Electric during the second quarter worth about $1,173,000. Finally, Truist Financial Corp increased its position in Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after purchasing an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.3%

Shares of EMR stock opened at $134.41 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $75.64 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a 50 day moving average price of $131.83 and a 200 day moving average price of $127.51. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is 45.38%.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Wolfe Research dropped their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Finally, Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Company 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.