NewEdge Wealth LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

NewEdge Wealth LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,923 shares of the industrial products company’s stock after buying an additional 702 shares during the period. NewEdge Wealth LLC’s holdings in Emerson Electric were worth $479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. PFG Advisors lifted its holdings in Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management lifted its stake in shares of Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 114 shares during the period. Silverlake Wealth Management LLC boosted its holdings in Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after buying an additional 115 shares in the last quarter. Cooper Financial Group grew its position in Emerson Electric by 2.4% during the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after buying an additional 120 shares during the period. Finally, Studio Investment Management LLC raised its position in shares of Emerson Electric by 2.3% in the fourth quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the business’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 sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Emerson Electric Stock Down 0.2 %

Shares of EMR opened at $111.49 on Wednesday. The stock has a fifty day simple moving average of $109.62 and a two-hundred day simple moving average of $98.53. 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 company has a market capitalization of $63.64 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26.

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, topping the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. As a group, equities analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.88%. Emerson Electric’s payout ratio is 10.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho increased their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. KeyCorp boosted 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. Finally, Barclays raised their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.47.

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.