Trueblood Wealth Management LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Trueblood Wealth Management LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,228 shares of the industrial products company’s stock, valued at approximately $217,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in Emerson Electric by 105,280.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after purchasing an additional 54,365,954 shares during the last quarter. State Street Corp lifted its holdings in Emerson Electric by 0.3% during the 2nd quarter. State Street Corp now owns 24,568,180 shares of the industrial products company’s stock valued at $2,220,718,000 after purchasing an additional 64,875 shares during the last quarter. Morgan Stanley lifted its holdings in Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares during the last quarter. Invesco Ltd. lifted its holdings in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Bank of America boosted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada boosted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the 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 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 can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

Emerson Electric Stock Down 0.0 %

Shares of NYSE:EMR opened at $113.42 on Friday. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $113.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The company has a market capitalization of $64.74 billion, a PE ratio of 5.91, a PEG ratio of 1.95 and a beta of 1.36. The company has a 50 day moving average price of $104.33 and a two-hundred day moving average price of $97.02.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Emerson Electric Company 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.