Private Management Group Inc. Purchases 203 Shares of Emerson Electric Co. (NYSE:EMR)

Private Management Group Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,901 shares of the industrial products company’s stock after acquiring an additional 203 shares during the quarter. Private Management Group Inc.’s holdings in Emerson Electric were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EMR. Tobam increased its stake in 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 purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Emerson Electric during the 4th quarter valued at approximately $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 4th quarter valued at approximately $39,000. MCF Advisors LLC increased its stake in Emerson Electric by 1,484.6% during the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in Emerson Electric during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’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 transaction of $248,973.34. Following the completion of 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 Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 0.1 %

EMR stock traded down $0.15 during trading on Wednesday, reaching $109.62. 1,873,662 shares of the stock were exchanged, compared to its average volume of 2,625,369. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $110.16 and a 200-day moving average price of $99.04. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a market capitalization of $62.57 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 1.88 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last released its quarterly 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 business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The company 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. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Berenberg Bank upped their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Bank of America upped their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Citigroup upped their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, KeyCorp upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

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.