Emerson Electric Co. (NYSE:EMR) Position Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 53.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,058 shares of the industrial products company’s stock after acquiring an additional 2,470 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Emerson Electric were worth $687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EMR. Waverly Advisors LLC lifted its holdings in shares of Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at about $241,000. FMR LLC lifted its holdings in shares of Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after buying an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at about $320,000. Finally, Capital Advisors Inc. OK lifted its holdings in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction 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 sale, the director now directly 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 is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. KeyCorp boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Mizuho boosted their target price on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. UBS Group boosted their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Barclays boosted 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Stock Performance

EMR opened at $108.63 on Tuesday. The stock has a market cap of $62.01 billion, a PE ratio of 5.66, a P/E/G ratio of 1.88 and a beta of 1.37. 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 Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The stock’s 50 day simple moving average is $110.06 and its 200-day simple moving average is $98.94.

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

Emerson Electric Announces Dividend

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

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.