Axxcess Wealth Management LLC Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 35.0% during the 4th quarter, HoldingsChannel reports. The firm owned 39,757 shares of the industrial products company’s stock after buying an additional 10,306 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Emerson Electric were worth $3,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. PFG Advisors grew its position in shares of Emerson Electric by 4.5% during the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management lifted its holdings in Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC grew its position in shares of Emerson Electric by 5.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 114 shares during the period. Silverlake Wealth Management LLC increased its stake in shares of Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares in the last quarter. Finally, Cooper Financial Group lifted 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 in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

EMR stock traded up $0.13 during trading on Friday, reaching $106.54. 5,925,874 shares of the company were exchanged, compared to its average volume of 2,217,240. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The company has a market cap of $60.81 billion, a P/E ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36. The stock’s 50 day moving average price is $110.58 and its 200 day moving average price is $99.68.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. As a group, analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.97%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EMR shares. Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays upped their price target on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Bank of America raised their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Citigroup raised 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, Mizuho raised their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.25.

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.