Adell Harriman & Carpenter Inc. Has $5.77 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Adell Harriman & Carpenter Inc. lifted its position in Emerson Electric Co. (NYSE:EMR) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,323 shares of the industrial products company’s stock after acquiring an additional 6,678 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Emerson Electric were worth $5,774,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EMR. Waverly Advisors LLC lifted its holdings in shares of Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $241,000. FMR LLC grew its stake in Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after acquiring an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter worth approximately $320,000. Finally, Capital Advisors Inc. OK boosted its holdings in shares of Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after purchasing an additional 76,868 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated 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 directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $0.13 during midday trading on Monday, reaching $109.76. The company’s stock had a trading volume of 2,057,847 shares, compared to its average volume of 2,596,964. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The business’s fifty day simple moving average is $110.38 and its 200-day simple moving average is $99.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The company has a market capitalization of $62.65 billion, a P/E ratio of 5.73, a P/E/G ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last announced 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. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business earned $0.78 earnings per share. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research analyst reports. KeyCorp boosted their price target 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. Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. 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 report on Monday, April 8th. Finally, Mizuho raised their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.25.

About Emerson Electric

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.