Emerson Electric Co. (NYSE:EMR) Shares Purchased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,914 shares of the industrial products company’s stock after buying an additional 855 shares during the period. Snowden Capital Advisors LLC’s holdings in Emerson Electric were worth $4,451,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EMR shares. Barclays raised their price objective on Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a report on Thursday, May 8th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.24.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.3%

NYSE:EMR opened at $120.58 on Friday. The business’s 50-day moving average is $107.40 and its two-hundred day moving average is $118.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The firm has a market capitalization of $67.83 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

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.