Sequoia Financial Advisors LLC Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Sequoia Financial Advisors LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 52.2% in the 4th quarter, Holdings Channel reports. The firm owned 17,039 shares of the industrial products company’s stock after purchasing an additional 5,846 shares during the period. Sequoia Financial Advisors LLC’s holdings in Emerson Electric were worth $1,658,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EMR. RB Capital Management LLC increased its position in shares of Emerson Electric by 3.0% during the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 155 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $116,000. Prudential PLC purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $1,215,000. Brighton Jones LLC boosted its stake in Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Emerson Electric by 53.0% during the first quarter. Covestor Ltd now owns 1,527 shares of the industrial products company’s stock worth $150,000 after buying an additional 529 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EMR shares. UBS Group boosted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Citigroup boosted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.47.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $112.65 on Friday. The stock’s 50-day moving average is $108.90 and its two-hundred day moving average is $98.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued 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 return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $0.78 EPS. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. Analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal 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 issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

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.