CacheTech Inc. Acquires 597 Shares of Emerson Electric Co. (NYSE:EMR)

CacheTech Inc. boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,911 shares of the industrial products company’s stock after buying an additional 597 shares during the quarter. CacheTech Inc.’s holdings in Emerson Electric were worth $867,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Orion Capital Management LLC bought a new position in Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the 4th quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in Emerson Electric during the 1st quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC raised its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $131.78 on Friday. The firm has a market capitalization of $74.17 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32. The firm has a fifty day simple moving average of $136.53 and a two-hundred day simple moving average of $121.77. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

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

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on EMR. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Stephens raised 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 report on Wednesday, July 16th. 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $142.39.

About Emerson Electric

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.