FMA Wealth Management LLC Invests $274,000 in Emerson Electric Co. (NYSE:EMR)

FMA Wealth Management LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,815 shares of the industrial products company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Advocates Investment Management grew its position in Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 101 shares during the last quarter. PFG Advisors increased its stake in Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after buying an additional 108 shares during the period. Accel Wealth Management boosted its position in Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its stake in Emerson Electric by 5.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 114 shares in the last quarter. Finally, Silverlake Wealth Management LLC increased its position in shares of Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 115 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

EMR stock traded up $0.92 during trading on Friday, reaching $113.41. The company had a trading volume of 1,345,064 shares, compared to its average volume of 2,747,928. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $116.76. The company has a market cap of $64.88 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.36. The firm has a 50-day simple moving average of $111.76 and a 200-day simple moving average of $101.84.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

Several research analysts have commented on EMR shares. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays lifted their price objective on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Robert W. Baird lowered their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Finally, Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.56.

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.