2,117 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Graypoint LLC

Graypoint LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,117 shares of the industrial products company’s stock, valued at approximately $206,000.

A number of other large investors also recently bought and sold shares of EMR. RB Capital Management LLC raised its stake in Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after buying an additional 155 shares in the last quarter. Fairfield Bush & CO. acquired a new position in shares of Emerson Electric during the first quarter worth $116,000. Prudential PLC acquired a new position in shares of Emerson Electric during the first quarter worth $1,215,000. Sequoia Financial Advisors LLC increased its position in shares of Emerson Electric by 17.5% during the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 931 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EMR. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. KeyCorp upped their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Barclays upped their target price 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. Finally, Mizuho upped their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.47.

Emerson Electric Trading Down 0.8 %

EMR stock opened at $111.76 on Tuesday. The company’s 50-day simple moving average is $109.27 and its 200-day simple moving average is $98.43. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The firm has a market cap of $63.79 billion, a P/E ratio of 5.82, a PEG ratio of 1.95 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) 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 business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors 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 1.88%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were 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 approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.