1900 Wealth Management LLC Raises Position in Emerson Electric Co. (NYSE:EMR)

1900 Wealth Management LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 4,735 shares of the industrial products company’s stock after purchasing an additional 538 shares during the quarter. 1900 Wealth Management LLC’s holdings in Emerson Electric were worth $461,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Tobam raised its position in shares of 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 buying an additional 273 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the fourth quarter worth about $39,000. MCF Advisors LLC lifted its holdings in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EMR. Barclays lifted their price target on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Bank of America lifted their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Mizuho lifted their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.25.

Insider Activity at Emerson Electric

In other 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 transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Emerson Electric stock traded up $1.21 on Tuesday, reaching $109.84. 430,069 shares of the stock were exchanged, compared to its average volume of 2,619,076. The firm has a fifty day moving average price of $110.06 and a two-hundred day moving average price of $98.94. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market cap of $62.70 billion, a PE ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Emerson Electric 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.