Optimum Investment Advisors Takes Position in Emerson Electric (EMR)

Optimum Investment Advisors acquired a new position in shares of Emerson Electric (NYSE:EMR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,108 shares of the industrial products company’s stock, valued at approximately $144,000.

Several other institutional investors have also bought and sold shares of the company. Norris Perne & French LLP MI boosted its stake in shares of Emerson Electric by 0.9% during the 4th quarter. Norris Perne & French LLP MI now owns 85,190 shares of the industrial products company’s stock worth $5,937,000 after buying an additional 722 shares during the last quarter. Fagan Associates Inc. increased its holdings in Emerson Electric by 9.7% during the 1st quarter. Fagan Associates Inc. now owns 8,200 shares of the industrial products company’s stock worth $560,000 after acquiring an additional 725 shares during the period. Hallmark Capital Management Inc. increased its holdings in Emerson Electric by 2.1% during the 4th quarter. Hallmark Capital Management Inc. now owns 35,674 shares of the industrial products company’s stock worth $2,486,000 after acquiring an additional 743 shares during the period. Murphy Capital Management Inc. increased its holdings in Emerson Electric by 5.0% during the 4th quarter. Murphy Capital Management Inc. now owns 15,897 shares of the industrial products company’s stock worth $1,107,000 after acquiring an additional 750 shares during the period. Finally, Seaward Management Limited Partnership increased its holdings in Emerson Electric by 0.3% during the 4th quarter. Seaward Management Limited Partnership now owns 279,762 shares of the industrial products company’s stock worth $19,496,000 after acquiring an additional 818 shares during the period. Institutional investors own 69.53% of the company’s stock.

Emerson Electric opened at $73.26 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 1.30. Emerson Electric has a 52 week low of $57.39 and a 52 week high of $74.45. The firm has a market cap of $46.68 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, May 1st. The industrial products company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Emerson Electric had a net margin of 10.83% and a return on equity of 21.69%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. research analysts expect that Emerson Electric will post 3.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Friday, May 11th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, May 10th. Emerson Electric’s dividend payout ratio is currently 73.48%.

EMR has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. JPMorgan Chase raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Royal Bank of Canada raised shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $70.38 to $80.00 in a report on Tuesday, February 13th. Barclays started coverage on shares of Emerson Electric in a report on Thursday, February 15th. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, Robert W. Baird increased their price target on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.00.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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