Sequoia Financial Advisors LLC Buys 5,846 Shares of Emerson Electric Co. (NYSE:EMR)

Sequoia Financial Advisors LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,039 shares of the industrial products company’s stock after purchasing an additional 5,846 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Emerson Electric were worth $1,658,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EMR. RB Capital Management LLC lifted its holdings in shares of Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 155 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $116,000. Prudential PLC purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $1,215,000. Brighton Jones LLC increased its position in Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares during the last quarter. Finally, Covestor Ltd increased its position in Emerson Electric by 53.0% in the first quarter. Covestor Ltd now owns 1,527 shares of the industrial products company’s stock worth $150,000 after buying an additional 529 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho lifted their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Barclays lifted their price target on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.47.

Emerson Electric Price Performance

EMR opened at $112.65 on Friday. The stock has a 50-day moving average price of $108.90 and a 200-day moving average price of $98.29. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. 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 stock has a market capitalization of $64.30 billion, a P/E ratio of 5.87, a PEG ratio of 1.96 and a beta of 1.37.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was 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 approximately $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

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.