RIA Advisory Group LLC Acquires New Holdings in Emerson Electric Co. (NYSE:EMR)

RIA Advisory Group LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,648 shares of the industrial products company’s stock, valued at approximately $452,000.

Several other hedge funds also recently modified their holdings of EMR. RB Capital Management LLC boosted its stake in shares of Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 155 shares during the last quarter. Fairfield Bush & CO. purchased a new position in Emerson Electric in the first quarter valued at approximately $116,000. Prudential PLC purchased a new position in Emerson Electric in the first quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC raised its holdings in Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 931 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock traded down $0.73 during mid-day trading on Friday, reaching $108.58. The company’s stock had a trading volume of 2,092,482 shares, compared to its average volume of 2,650,862. The firm has a market cap of $61.98 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 1.90 and a beta of 1.37. The business has a 50 day moving average price of $109.87 and a 200-day moving average price of $98.69. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. 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 quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders 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 1.93%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Berenberg Bank lifted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group lifted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.25.

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.