Trust Point Inc. Purchases Shares of 13,484 Emerson Electric Co. (NYSE:EMR)

Trust Point Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMRFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,484 shares of the industrial products company’s stock, valued at approximately $1,312,000.

Other hedge funds also recently made changes to their positions in the company. Waverly Advisors LLC lifted its holdings in shares of Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC purchased a new position in Emerson Electric in the 4th quarter worth $241,000. FMR LLC raised its position in Emerson Electric by 1.3% in the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Emerson Electric in the third quarter valued at about $320,000. Finally, Kesler Norman & Wride LLC raised its holdings in shares of Emerson Electric by 162.0% in the 4th quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock valued at $4,783,000 after purchasing an additional 30,385 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America upped their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. KeyCorp boosted 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. Mizuho upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada increased their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.56.

Get Our Latest Research Report on EMR

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction 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 transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Up 0.2 %

Shares of NYSE EMR traded up $0.19 during midday trading on Wednesday, hitting $113.46. The company’s stock had a trading volume of 620,262 shares, compared to its average volume of 2,766,386. The business’s fifty day simple moving average is $105.80 and its two-hundred day simple moving average is $97.41. 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 Co. has a 1 year low of $76.94 and a 1 year high of $114.19. The firm has a market capitalization of $64.76 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37.

Emerson Electric (NYSE:EMRGet Free Report) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The firm 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 1.85%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

About Emerson Electric

(Free Report)

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.

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

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