Patrick M Sweeney & Associates Inc. Acquires New Stake in Emerson Electric Co. (NYSE:EMR)

Patrick M Sweeney & Associates Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,810 shares of the industrial products company’s stock, valued at approximately $468,000.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Emerson Electric by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock valued at $308,934,000 after acquiring an additional 60,990 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Emerson Electric by 62.8% during the 4th quarter. Apollon Wealth Management LLC now owns 32,232 shares of the industrial products company’s stock worth $3,137,000 after buying an additional 12,429 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of Emerson Electric in the 4th quarter valued at about $239,000. Maryland State Retirement & Pension System increased its position in shares of Emerson Electric by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 44,426 shares of the industrial products company’s stock valued at $4,324,000 after acquiring an additional 831 shares during the last quarter. Finally, Spire Wealth Management boosted its position in Emerson Electric by 5.2% during the fourth quarter. Spire Wealth Management now owns 8,165 shares of the industrial products company’s stock valued at $775,000 after purchasing an additional 400 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR traded up $5.25 during mid-day trading on Wednesday, reaching $112.65. 6,046,909 shares of the company’s stock were exchanged, compared to its average volume of 2,820,365. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a market capitalization of $64.30 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The business’s fifty day simple moving average is $110.61 and its two-hundred day simple moving average is $99.95.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 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 analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Analysts anticipate 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 will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. KeyCorp boosted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Barclays upped their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Citigroup lifted their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

About Emerson Electric

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.