FAS Wealth Partners Inc. Acquires 768 Shares of Emerson Electric Co. (NYSE:EMR)

FAS Wealth Partners Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 23.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,049 shares of the industrial products company’s stock after purchasing an additional 768 shares during the period. FAS Wealth Partners Inc.’s holdings in Emerson Electric were worth $394,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Waverly Advisors LLC raised its stake in shares of Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC bought a new position in Emerson Electric during the fourth quarter worth $241,000. FMR LLC raised its stake in Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after buying an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Emerson Electric during the third quarter worth $320,000. Finally, Kesler Norman & Wride LLC raised its stake in Emerson Electric by 162.0% during the fourth quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock worth $4,783,000 after buying an additional 30,385 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EMR shares. Mizuho lifted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. Berenberg Bank raised their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Barclays raised their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $113.56.

Get Our Latest Research Report on Emerson Electric

Emerson Electric Stock Down 0.2 %

Emerson Electric stock opened at $113.34 on Wednesday. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $114.11. The stock has a market cap of $64.69 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37. The firm’s 50-day simple moving average is $105.45 and its 200 day simple moving average is $97.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share 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 analysts’ expectations of $3.91 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business 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. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now 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 is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

About Emerson Electric

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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