Apollon Wealth Management LLC Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Apollon Wealth Management LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 62.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,232 shares of the industrial products company’s stock after acquiring an additional 12,429 shares during the quarter. Apollon Wealth Management LLC’s holdings in Emerson Electric were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EMR. Machina Capital S.A.S. acquired a new position in shares of Emerson Electric in the fourth quarter worth $239,000. Maryland State Retirement & Pension System boosted its stake in shares of Emerson Electric by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 44,426 shares of the industrial products company’s stock worth $4,324,000 after purchasing an additional 831 shares during the last quarter. Spire Wealth Management raised its position in shares of Emerson Electric by 5.2% in the fourth quarter. Spire Wealth Management now owns 8,165 shares of the industrial products company’s stock valued at $775,000 after buying an additional 400 shares during the last quarter. Connecticut Wealth Management LLC lifted its stake in shares of Emerson Electric by 16.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 5,383 shares of the industrial products company’s stock valued at $524,000 after buying an additional 777 shares during the period. Finally, Royal Fund Management LLC grew its stake in Emerson Electric by 5.8% in the 4th quarter. Royal Fund Management LLC now owns 39,239 shares of the industrial products company’s stock worth $3,821,000 after acquiring an additional 2,160 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.1 %

EMR traded up $1.19 during trading hours on Tuesday, reaching $107.43. 6,896,405 shares of the stock traded hands, compared to its average volume of 2,781,271. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a market cap of $61.32 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The firm’s fifty day simple moving average is $110.58 and its two-hundred day simple moving average is $99.84.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for 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 revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. As a group, analysts forecast 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. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. Emerson Electric’s payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Mizuho upped their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Berenberg Bank boosted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada increased their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.