Beaumont Financial Advisors LLC Acquires 114 Shares of Emerson Electric Co. (NYSE:EMR)

Beaumont Financial Advisors LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,278 shares of the industrial products company’s stock after acquiring an additional 114 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Emerson Electric were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tobam boosted its position in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Resurgent Financial Advisors LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $32,000. Certified Advisory Corp bought a new position in Emerson Electric in the first quarter worth $34,000. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric in the fourth quarter worth $35,000. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the fourth quarter worth $39,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on EMR shares. Berenberg Bank raised their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. KeyCorp raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. UBS Group raised their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Bank of America increased their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada increased their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Three research 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, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Price Performance

Shares of EMR stock opened at $108.58 on Friday. The stock has a 50-day moving average price of $109.98 and a 200 day moving average price of $98.80. 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 firm has a market cap of $61.98 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR) last announced 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 return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company earned $0.78 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

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.