Jacobi Capital Management LLC Boosts Stock Position in Emerson Electric Co. $EMR

Jacobi Capital Management LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,292 shares of the industrial products company’s stock after buying an additional 474 shares during the quarter. Jacobi Capital Management LLC’s holdings in Emerson Electric were worth $2,663,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the 1st quarter worth $27,000. Finally, Inlight Wealth Management LLC acquired a new position in Emerson Electric during the 1st quarter valued at about $28,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.2%

Shares of Emerson Electric stock opened at $133.59 on Thursday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market cap of $75.18 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.30. The firm has a fifty day moving average price of $137.42 and a 200 day moving average price of $122.59.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $142.39.

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.