Emerson Electric Co. (NYSE:EMR) Shares Purchased by 1900 Wealth Management LLC

1900 Wealth Management LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,735 shares of the industrial products company’s stock after acquiring an additional 538 shares during the period. 1900 Wealth Management LLC’s holdings in Emerson Electric were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. PFG Advisors lifted its stake in shares of Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management raised its holdings in shares of Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of Emerson Electric by 5.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 114 shares in the last quarter. Silverlake Wealth Management LLC increased its stake in Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after buying an additional 115 shares during the period. Finally, Cooper Financial Group increased its stake in Emerson Electric by 2.4% in the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $1.21 on Tuesday, hitting $109.84. 430,069 shares of the company traded hands, compared to its average volume of 2,619,076. The stock has a market capitalization of $62.70 billion, a P/E ratio of 5.66, a price-to-earnings-growth ratio of 1.88 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 simple moving average of $110.06 and a 200 day simple moving average of $98.94.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EMR shares. KeyCorp upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Bank of America lifted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of 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 SEC, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

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.