Silvant Capital Management LLC Grows Stock Position in Emerson Electric Co. $EMR

Silvant Capital Management LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,904 shares of the industrial products company’s stock after purchasing an additional 277 shares during the quarter. Silvant Capital Management LLC’s holdings in Emerson Electric were worth $1,634,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. CreativeOne Wealth LLC raised its stake in shares of Emerson Electric by 6.6% during the first quarter. CreativeOne Wealth LLC now owns 3,490 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 217 shares during the last quarter. Nicolet Bankshares Inc. purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $252,000. FORA Capital LLC purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $3,388,000. Mirova raised its stake in shares of Emerson Electric by 43.2% during the first quarter. Mirova now owns 27,173 shares of the industrial products company’s stock worth $2,979,000 after purchasing an additional 8,192 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its holdings in Emerson Electric by 3.0% during the first quarter. Freedom Investment Management Inc. now owns 3,943 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.7%

Emerson Electric stock opened at $133.34 on Wednesday. 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 firm has a market capitalization of $75.04 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock’s fifty day moving average is $137.25 and its two-hundred day moving average is $121.98.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EMR shares. Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Citigroup upped their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Robert W. Baird dropped their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.39.

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.