Spire Wealth Management Grows Stake in Emerson Electric Co. (NYSE:EMR)

Spire Wealth Management lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,165 shares of the industrial products company’s stock after acquiring an additional 400 shares during the quarter. Spire Wealth Management’s holdings in Emerson Electric were worth $775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMR. Connecticut Wealth Management LLC boosted its stake in shares of Emerson Electric by 16.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 5,383 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 777 shares in the last quarter. Royal Fund Management LLC increased its holdings in shares of Emerson Electric by 5.8% in the 4th quarter. Royal Fund Management LLC now owns 39,239 shares of the industrial products company’s stock valued at $3,821,000 after acquiring an additional 2,160 shares during the period. AJOVista LLC bought a new position in shares of Emerson Electric in the 4th quarter worth $194,000. ARS Wealth Advisors Group LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $234,000. Finally, Sapient Capital LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $528,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EMR shares. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $123.00 to $138.00 in a research note on Thursday. KeyCorp lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Citigroup upped their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Mizuho increased their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.31.

Insider Buying and Selling at Emerson Electric

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

Emerson Electric Stock Up 4.9 %

Shares of EMR opened at $112.65 on Thursday. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The company has a market capitalization of $64.30 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The stock has a fifty day simple moving average of $110.61 and a two-hundred day simple moving average of $99.95. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. 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 will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.86%. Emerson Electric’s payout ratio is 10.94%.

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.