Tarbox Family Office Inc. Continues to Hold Position in Emerson Electric Company (NYSE:EMR)

Tarbox Family Office Inc. held its stake in shares of Emerson Electric Company (NYSE:EMR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,561 shares of the industrial products company’s stock at the end of the second quarter. Tarbox Family Office Inc.’s holdings in Emerson Electric were worth $212,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EMR. West Coast Financial LLC increased its stake in shares of Emerson Electric by 4.4% in the second quarter. West Coast Financial LLC now owns 56,812 shares of the industrial products company’s stock valued at $3,387,000 after buying an additional 2,404 shares during the last quarter. Chemung Canal Trust Co. increased its stake in shares of Emerson Electric by 5.7% in the second quarter. Chemung Canal Trust Co. now owns 168,466 shares of the industrial products company’s stock valued at $10,044,000 after buying an additional 9,032 shares during the last quarter. Wendell David Associates Inc. increased its stake in Emerson Electric by 0.8% in the second quarter. Wendell David Associates Inc. now owns 42,994 shares of the industrial products company’s stock worth $2,563,000 after buying an additional 333 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Emerson Electric by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 40,000 shares of the industrial products company’s stock worth $2,385,000 after buying an additional 400 shares in the last quarter. Finally, Bartlett & Co. LLC increased its stake in Emerson Electric by 0.3% in the second quarter. Bartlett & Co. LLC now owns 168,986 shares of the industrial products company’s stock worth $10,075,000 after buying an additional 578 shares in the last quarter. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Emerson Electric Company (EMR) opened at 58.29 on Friday. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The firm has a market cap of $37.31 billion, a PE ratio of 26.01 and a beta of 1.20. The firm has a 50 day moving average price of $59.86 and a 200-day moving average price of $59.82.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the company posted $0.68 earnings per share. Emerson Electric’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts predict that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s payout ratio is currently 85.33%.

A number of analysts have recently commented on the company. Cowen and Company reissued a “hold” rating and issued a $62.00 price objective on shares of Emerson Electric in a research note on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, June 6th. BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.14.

Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.