Mission Wealth Management LP Has $344,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Mission Wealth Management LP boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 47.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,529 shares of the industrial products company’s stock after buying an additional 1,129 shares during the period. Mission Wealth Management LP’s holdings in Emerson Electric were worth $344,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EMR. Certuity LLC lifted its stake in shares of Emerson Electric by 357.4% in the fourth quarter. Certuity LLC now owns 9,565 shares of the industrial products company’s stock valued at $931,000 after buying an additional 7,474 shares during the period. Penobscot Investment Management Company Inc. increased its position in shares of Emerson Electric by 5.9% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 24,315 shares of the industrial products company’s stock valued at $2,367,000 after purchasing an additional 1,358 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of Emerson Electric by 43.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 68,668 shares of the industrial products company’s stock valued at $6,683,000 after purchasing an additional 20,793 shares in the last quarter. Van ECK Associates Corp boosted its stake in Emerson Electric by 7.1% during the fourth quarter. Van ECK Associates Corp now owns 1,972,093 shares of the industrial products company’s stock worth $191,944,000 after buying an additional 131,173 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its stake in shares of Emerson Electric by 12.7% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 59,323 shares of the industrial products company’s stock valued at $5,774,000 after buying an additional 6,678 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock opened at $106.54 on Friday. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. 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 stock has a market cap of $60.81 billion, a PE ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36. The firm’s 50 day moving average price is $110.57 and its two-hundred day moving average price is $99.60.

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

Emerson Electric Dividend Announcement

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 $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is presently 10.94%.

Analysts Set New Price Targets

EMR has been the subject of a number of analyst reports. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays raised their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Bank of America increased their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Transactions at Emerson Electric

In other 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 value of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.