Bedel Financial Consulting Inc. bought a new position in Emerson Electric Company (NYSE:EMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,101 shares of the industrial products company’s stock, valued at approximately $216,000.
Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric during the second quarter valued at approximately $109,000. Intellectus Partners LLC raised its holdings in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric during the second quarter valued at approximately $129,000. Cerebellum GP LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $129,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $146,000. 68.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Emerson Electric Company (NYSE EMR) opened at $72.99 on Monday. Emerson Electric Company has a 12 month low of $56.77 and a 12 month high of $74.45. The company has a market capitalization of $46,336.80, a price-to-earnings ratio of 29.43, a PEG ratio of 2.29 and a beta of 1.19. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. equities research analysts anticipate that Emerson Electric Company will post 3.13 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a $0.485 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.66%. Emerson Electric’s dividend payout ratio is currently 78.23%.
In related news, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.84% of the company’s stock.
EMR has been the subject of a number of recent analyst reports. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a report on Monday, October 23rd. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Wells Fargo & Co restated a “market perform” rating and set a $65.00 target price (up previously from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus restated a “buy” rating and set a $72.00 target price (up previously from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Royal Bank of Canada restated a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $69.67.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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