Wahed Invest LLC Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Wahed Invest LLC increased its position in Emerson Electric Co. (NYSE:EMRFree Report) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,915 shares of the industrial products company’s stock after acquiring an additional 683 shares during the period. Wahed Invest LLC’s holdings in Emerson Electric were worth $861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $32,000. Certified Advisory Corp purchased a new stake in shares of Emerson Electric in the first quarter valued at $34,000. West Tower Group LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth about $35,000. Authentikos Wealth Advisory LLC bought a new position in Emerson Electric in the 3rd quarter valued at $42,000. Finally, Rational Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Emerson Electric Price Performance

EMR traded up $1.30 during trading on Friday, hitting $108.15. The company’s stock had a trading volume of 1,974,501 shares, compared to its average volume of 2,939,787. 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 firm has a market capitalization of $61.86 billion, a price-to-earnings ratio of 5.64, a P/E/G ratio of 1.83 and a beta of 1.34. The business’s fifty day simple moving average is $98.56 and its 200 day simple moving average is $95.24. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $109.18.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The firm 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 firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company’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 completion of the sale, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EMR shares. Royal Bank of Canada lifted their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. UBS Group cut their price objective on shares of Emerson Electric from $104.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd. KeyCorp boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays raised their price target on Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Stephens dropped their target price on shares of Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.31.

Read Our Latest Stock Report on Emerson Electric

Emerson Electric Profile

(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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