Lindbrook Capital LLC Raises Stake in Emerson Electric Co. (NYSE:EMR)

Lindbrook Capital LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 36.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,206 shares of the industrial products company’s stock after buying an additional 585 shares during the period. Lindbrook Capital LLC’s holdings in Emerson Electric were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EMR. J.W. Cole Advisors Inc. lifted its holdings in shares of Emerson Electric by 53.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,058 shares of the industrial products company’s stock valued at $687,000 after acquiring an additional 2,470 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its position in shares of Emerson Electric by 5.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,640 shares of the industrial products company’s stock worth $744,000 after buying an additional 407 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $55,000. Greenleaf Trust lifted its position in Emerson Electric by 51.8% during the 4th quarter. Greenleaf Trust now owns 31,990 shares of the industrial products company’s stock worth $3,114,000 after acquiring an additional 10,912 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $452,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $108.63 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $110.06 and a 200 day simple moving average of $98.94. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company 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.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. 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 prior year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Buying and Selling

In other Emerson Electric 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 value 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 is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Royal Bank of Canada upped their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Berenberg Bank lifted their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Mizuho raised their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, UBS Group upped their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric 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.