Allegheny Financial Group LTD Acquires New Holdings in Emerson Electric Co. (NYSE:EMR)

Allegheny Financial Group LTD acquired a new stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 578 shares of the industrial products company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TownSquare Capital LLC raised its position in Emerson Electric by 24.1% during the third quarter. TownSquare Capital LLC now owns 17,628 shares of the industrial products company’s stock valued at $1,661,000 after acquiring an additional 3,419 shares in the last quarter. Huntington National Bank raised its position in Emerson Electric by 0.7% during the fourth quarter. Huntington National Bank now owns 338,167 shares of the industrial products company’s stock valued at $31,440,000 after acquiring an additional 2,319 shares in the last quarter. Lincoln National Corp raised its position in Emerson Electric by 3.4% during the fourth quarter. Lincoln National Corp now owns 9,225 shares of the industrial products company’s stock valued at $858,000 after acquiring an additional 305 shares in the last quarter. Nicola Wealth Management LTD. raised its position in Emerson Electric by 28.3% during the third quarter. Nicola Wealth Management LTD. now owns 68,000 shares of the industrial products company’s stock valued at $6,406,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its position in Emerson Electric by 738.2% during the third quarter. Easterly Investment Partners LLC now owns 53,427 shares of the industrial products company’s stock valued at $5,033,000 after acquiring an additional 47,053 shares in the last quarter. 73.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on EMR. Citigroup lifted their price target on shares of Emerson Electric from $120.00 to $123.00 in a research report on Thursday, February 3rd. Credit Suisse Group lifted their price target on shares of Emerson Electric from $111.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 3rd. Sanford C. Bernstein began coverage on shares of Emerson Electric in a research report on Monday, January 10th. They issued a “market perform” rating and a $100.00 price target on the stock. Morgan Stanley lifted their price target on shares of Emerson Electric from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, February 3rd. Finally, Oppenheimer raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Wednesday, March 9th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $108.26.

In related news, insider Mark J. Bulanda sold 4,574 shares of Emerson Electric stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $97.35, for a total value of $445,278.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.78% of the stock is currently owned by insiders.

EMR opened at $89.01 on Thursday. Emerson Electric Co. has a fifty-two week low of $83.42 and a fifty-two week high of $105.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.04 and a quick ratio of 1.60. The firm’s fifty day moving average price is $94.45 and its two-hundred day moving average price is $94.27. The company has a market capitalization of $52.95 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.08 and a beta of 1.42.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.11. Emerson Electric had a net margin of 14.85% and a return on equity of 26.84%. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Co. will post 4.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $2.06 annualized dividend and a dividend yield of 2.31%. Emerson Electric’s dividend payout ratio is presently 44.98%.

About Emerson Electric (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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