3,974 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,974 shares of the industrial products company’s stock, valued at approximately $387,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capstone Triton Financial Group LLC increased its holdings in Emerson Electric by 1.0% in the third quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock valued at $1,134,000 after buying an additional 113 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its holdings in Emerson Electric by 2.9% in the second quarter. Guardian Wealth Advisors LLC NC now owns 4,206 shares of the industrial products company’s stock valued at $380,000 after buying an additional 118 shares in the last quarter. Cooper Financial Group increased its holdings in Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after buying an additional 120 shares in the last quarter. Studio Investment Management LLC increased its holdings in Emerson Electric by 2.3% in the fourth quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company’s stock valued at $515,000 after buying an additional 121 shares in the last quarter. Finally, WealthBridge Capital Management LLC increased its holdings in Emerson Electric by 0.3% in the third quarter. WealthBridge Capital Management LLC now owns 36,902 shares of the industrial products company’s stock valued at $3,564,000 after buying an additional 124 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on 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 owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

NYSE:EMR opened at $113.45 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $64.76 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.94 and a beta of 1.36. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $113.46. The firm’s 50 day moving average is $103.91 and its two-hundred day moving average is $96.90.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid 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 was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EMR shares. Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Mizuho increased their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Bank of America increased their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

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.