Atria Wealth Solutions Inc. Buys 2,076 Shares of Emerson Electric Co. (NYSE:EMR)

Atria Wealth Solutions Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,909 shares of the industrial products company’s stock after purchasing an additional 2,076 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Emerson Electric were worth $3,690,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tobam raised its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric during the fourth quarter valued at about $35,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $39,000. MCF Advisors LLC raised its holdings in Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new stake in Emerson Electric during the third quarter valued at about $42,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.3 %

EMR opened at $109.89 on Friday. The firm has a market cap of $62.73 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.90 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. 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 50-day moving average of $110.38 and a 200 day moving average of $99.30.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric 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 completion of the transaction, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. KeyCorp raised their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Royal Bank of Canada raised their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Barclays raised their price objective 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. Mizuho raised their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Bank of America raised their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $116.25.

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.