2,724 Shares in Emerson Electric Co. (NYSE:EMR) Bought by US Asset Management LLC

US Asset Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,724 shares of the industrial products company’s stock, valued at approximately $265,000.

A number of other large investors also recently added to or reduced their stakes in EMR. Tobam raised its position in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $39,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $39,000. Finally, MCF Advisors LLC increased its position in shares of Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.6 %

NYSE EMR traded up $2.94 during mid-day trading on Thursday, reaching $115.59. The stock had a trading volume of 4,982,821 shares, compared to its average volume of 2,842,192. The stock has a market cap of $65.98 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company has a fifty day moving average price of $110.75 and a 200 day moving average price of $100.04. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.77. 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 released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. On average, research analysts expect 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 will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EMR shares. 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 report on Wednesday, March 6th. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Barclays lifted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Robert W. Baird dropped their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.41.

Insiders Place Their Bets

In other 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 transaction, the director now directly 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 accessible through this link. 0.25% of the stock is currently 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.