Emerson Electric Company (EMR) Position Lifted by Rand Wealth LLC

Rand Wealth LLC increased its position in shares of Emerson Electric Company (NYSE:EMR) by 93.4% during the 4th quarter, Holdings Channel reports. The fund owned 58,308 shares of the industrial products company’s stock after buying an additional 28,160 shares during the quarter. Rand Wealth LLC’s holdings in Emerson Electric were worth $4,063,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Beach Investment Management LLC. bought a new stake in shares of Emerson Electric in the second quarter worth $771,000. Dividend Assets Capital LLC lifted its position in shares of Emerson Electric by 4.0% in the second quarter. Dividend Assets Capital LLC now owns 13,010 shares of the industrial products company’s stock worth $776,000 after purchasing an additional 505 shares in the last quarter. United Asset Strategies Inc. bought a new stake in shares of Emerson Electric in the second quarter worth $564,000. Pinnacle Financial Partners Inc. lifted its position in shares of Emerson Electric by 18.8% in the second quarter. Pinnacle Financial Partners Inc. now owns 73,418 shares of the industrial products company’s stock worth $4,377,000 after purchasing an additional 11,634 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its position in shares of Emerson Electric by 9.6% in the second quarter. Ridgewood Investments LLC now owns 18,907 shares of the industrial products company’s stock worth $1,127,000 after purchasing an additional 1,658 shares in the last quarter. 69.23% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company (EMR) opened at $68.96 on Thursday. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The firm has a market cap of $44,225.50, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.53 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. analysts anticipate that Emerson Electric Company will post 2.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be issued a $0.485 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.94 annualized dividend and a dividend yield of 2.81%. Emerson Electric’s dividend payout ratio is currently 78.23%.

In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,017 shares of company stock worth $1,771,129. Corporate insiders own 0.79% of the company’s stock.

A number of analysts have recently commented on the stock. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, October 23rd. JMP Securities downgraded shares of Emerson Electric from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $74.45 to $56.77 in a report on Thursday, February 1st. Finally, Robert W. Baird boosted their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus price target of $66.57.

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Emerson Electric Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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