Mitchell Mcleod Pugh & Williams Inc. Raises Position in Emerson Electric Co. (NYSE:EMR)

Mitchell Mcleod Pugh & Williams Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,461 shares of the industrial products company’s stock after purchasing an additional 350 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Emerson Electric were worth $531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tobam boosted its position in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric during the 4th quarter valued at $35,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 4th quarter worth $39,000. MCF Advisors LLC increased its stake in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in Emerson Electric during the third quarter valued at about $42,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $109.76 on Tuesday. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. 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 firm has a 50-day moving average price of $110.46 and a 200-day moving average price of $99.42. The firm has a market capitalization of $62.65 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 69.33% and a return on equity of 11.59%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EMR shares. KeyCorp increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group upped their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup lifted their price target 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, Bank of America increased 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.