United Asset Strategies Inc. Has $806,000 Position in Emerson Electric Co. (NYSE:EMR)

United Asset Strategies Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,280 shares of the industrial products company’s stock after acquiring an additional 782 shares during the period. United Asset Strategies Inc.’s holdings in Emerson Electric were worth $806,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tobam boosted its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in Emerson Electric during the 4th quarter valued at about $32,000. Certified Advisory Corp bought a new position in Emerson Electric during the 1st quarter valued at about $34,000. Tennessee Valley Asset Management Partners bought a new position in shares of Emerson Electric in the fourth quarter worth about $35,000. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the fourth quarter worth about $39,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now 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 the SEC website. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Barclays increased their price target on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. KeyCorp increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Wells Fargo & Company boosted their target price on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. Finally, Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.47.

Emerson Electric Trading Down 0.2 %

Shares of NYSE:EMR opened at $111.49 on Wednesday. The company’s 50-day moving average price is $109.62 and its two-hundred day moving average price is $98.53. 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 one year low of $76.94 and a one year high of $115.26. The stock has a market capitalization of $63.64 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

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, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for 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 quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities 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 $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 dividend payout ratio is currently 10.94%.

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.