Obermeyer Wood Investment Counsel Lllp Has $557,000 Position in Emerson Electric Co. (NYSE:EMR)

Obermeyer Wood Investment Counsel Lllp raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,724 shares of the industrial products company’s stock after buying an additional 132 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Emerson Electric were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. RB Capital Management LLC raised its holdings in shares of Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 155 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of Emerson Electric during the 1st quarter valued at $116,000. Prudential PLC bought a new position in shares of Emerson Electric during the 1st quarter valued at $1,215,000. Sequoia Financial Advisors LLC raised its holdings in shares of Emerson Electric by 17.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of Emerson Electric by 31.8% during the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 931 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EMR shares. UBS Group lifted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays lifted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank lifted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.47.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’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 $989,599.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.50 during trading on Thursday, hitting $109.31. 1,636,713 shares of the company’s stock traded hands, compared to its average volume of 2,657,974. 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 firm’s fifty day moving average price is $109.73 and its 200 day moving average price is $98.61. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The company has a market cap of $62.39 billion, a PE ratio of 5.73, a PEG 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 for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Analysts forecast 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 given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.