WFA of San Diego LLC Buys New Position in Emerson Electric Co. (NYSE:EMR)

WFA of San Diego LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 850 shares of the industrial products company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aspire Private Capital LLC acquired a new stake in Emerson Electric in the 1st quarter valued at about $11,415,340,000. Mach 1 Financial Group LLC purchased a new stake in Emerson Electric during the first quarter valued at about $13,510,000. Graham Capital Wealth Management LLC purchased a new stake in Emerson Electric during the first quarter valued at about $243,121,000. Glass Jacobson Investment Advisors llc purchased a new stake in Emerson Electric during the second quarter valued at about $28,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $32,000. 72.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on EMR. UBS Group lowered shares of Emerson Electric from a “buy” rating to a “neutral” rating and upped their price objective for the company from $97.00 to $104.00 in a research note on Tuesday, October 3rd. Morgan Stanley upped their price objective on shares of Emerson Electric from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Barclays reduced their price objective on shares of Emerson Electric from $105.00 to $100.00 in a research note on Tuesday, October 10th. Finally, KeyCorp assumed coverage on Emerson Electric in a report on Monday, October 2nd. They issued an “overweight” rating and a $120.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.11.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the transaction, the chief marketing officer now owns 11,870 shares in the company, valued at $1,161,598.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Arthur F. Golden bought 3,000 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $85.64 per share, with a total value of $256,920.00. Following the completion of the transaction, the director now directly owns 97,504 shares in the company, valued at $8,350,242.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the transaction, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at $1,161,598.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Emerson Electric Trading Down 0.5 %

Shares of EMR stock opened at $88.79 on Tuesday. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $100.62. The company has a quick ratio of 2.35, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $93.05 and its two-hundred day moving average is $90.94. The company has a market cap of $50.62 billion, a PE ratio of 3.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $1.53 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that Emerson Electric Co. will post 5.26 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio (DPR) is 9.08%.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering 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.