Emerson Electric Co. (NYSE:EMR) Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,045 shares of the industrial products company’s stock after buying an additional 1,034 shares during the quarter. Merit Financial Group LLC’s holdings in Emerson Electric were worth $978,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Tobam lifted its holdings in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the 4th quarter worth about $39,000. MCF Advisors LLC boosted its stake in Emerson Electric by 1,484.6% in 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 shares of Emerson Electric in the 3rd quarter worth approximately $42,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction 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 sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $106.54 on Monday. The firm has a 50 day moving average of $110.58 and a 200-day moving average of $99.74. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The stock has a market capitalization of $60.81 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. Emerson Electric’s payout ratio is 10.94%.

Wall Street Analyst Weigh In

EMR has been the topic of several recent research reports. Mizuho lifted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Berenberg Bank increased their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Barclays lifted their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $118.07.

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.