Emerson Electric Co. (NYSE:EMR) Shares Purchased by Addison Advisors LLC

Addison Advisors LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 218.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,610 shares of the industrial products company’s stock after purchasing an additional 1,105 shares during the quarter. Addison Advisors LLC’s holdings in Emerson Electric were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EMR. Morgan Stanley boosted its stake in shares of Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after buying an additional 1,008,294 shares during the last quarter. Invesco Ltd. raised its stake in shares of Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB grew its stake in Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Northern Trust Corp increased its holdings in Emerson Electric by 2.4% in the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after buying an additional 168,783 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Emerson Electric by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after buying an additional 165,249 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.29 during trading on Friday, reaching $109.89. The stock had a trading volume of 1,364,495 shares, compared to its average volume of 1,854,608. The stock has a market capitalization of $62.73 billion, a PE ratio of 5.72, a P/E/G ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. The business’s 50-day moving average price is $110.38 and its 200 day moving average price is $99.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

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

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. UBS Group lifted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Barclays upped their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Mizuho boosted their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s 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 completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

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.