Graypoint LLC Takes $206,000 Position in Emerson Electric Co. (NYSE:EMR)

Graypoint LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, Holdings Channel reports. The firm purchased 2,117 shares of the industrial products company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. AlphaQ Advisors LLC lifted its stake in shares of Emerson Electric by 28.6% during the fourth quarter. AlphaQ Advisors LLC now owns 5,504 shares of the industrial products company’s stock valued at $536,000 after buying an additional 1,225 shares during the period. Ingalls & Snyder LLC raised its stake in Emerson Electric by 1.0% during the fourth quarter. Ingalls & Snyder LLC now owns 36,111 shares of the industrial products company’s stock worth $3,515,000 after purchasing an additional 353 shares during the period. NewEdge Wealth LLC raised its stake in Emerson Electric by 16.6% during the fourth quarter. NewEdge Wealth LLC now owns 4,923 shares of the industrial products company’s stock worth $479,000 after purchasing an additional 702 shares during the period. Clarius Group LLC raised its stake in Emerson Electric by 244.8% during the fourth quarter. Clarius Group LLC now owns 14,130 shares of the industrial products company’s stock worth $1,375,000 after purchasing an additional 10,032 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Berenberg Bank increased their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Barclays raised their target price 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. Bank of America raised their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Royal Bank of Canada raised their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Citigroup raised their target price 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. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.47.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric 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 transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $111.76 on Tuesday. The firm has a market cap of $63.79 billion, a P/E ratio of 5.82, a P/E/G ratio of 1.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. The firm has a fifty day moving average of $109.27 and a two-hundred day moving average of $98.43.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share 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 analyst estimates of $3.91 billion. During the same period last year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

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.