Tyche Wealth Partners LLC Invests $618,000 in Emerson Electric Co. (NYSE:EMR)

Tyche Wealth Partners LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,353 shares of the industrial products company’s stock, valued at approximately $618,000.

A number of other institutional investors have also recently made changes to their positions in EMR. Tobam increased its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $32,000. Certified Advisory Corp bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $34,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $35,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the 4th quarter worth $39,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMR. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank boosted their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Citigroup increased their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Bank of America boosted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.47.

Emerson Electric Stock Down 0.2 %

Shares of EMR stock traded down $0.27 during mid-day trading on Wednesday, hitting $111.49. The company’s stock had a trading volume of 2,326,203 shares, compared to its average volume of 1,837,651. The stock has a market cap of $63.64 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The business has a 50-day moving average price of $109.62 and a 200 day moving average price of $98.53.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. Research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.