RIA Advisory Group LLC Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

RIA Advisory Group LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,648 shares of the industrial products company’s stock, valued at approximately $452,000.

Several other hedge funds also recently added to or reduced their stakes in EMR. Waverly Advisors LLC boosted its position in Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC purchased a new stake in Emerson Electric in the 4th quarter valued at about $241,000. FMR LLC boosted its position in Emerson Electric by 1.3% in the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after buying an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at about $320,000. Finally, Capital Advisors Inc. OK boosted its position in Emerson Electric by 821.0% in the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several research reports. Bank of America boosted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Mizuho upped their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Citigroup upped their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays upped their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric Stock Performance

Emerson Electric stock traded down $0.73 during mid-day trading on Friday, reaching $108.58. 2,092,482 shares of the company traded hands, compared to its average volume of 2,650,862. 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 fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a market capitalization of $61.98 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The firm’s fifty day moving average is $109.87 and its two-hundred day moving average is $98.69.

Emerson Electric (NYSE:EMR) last issued 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. 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 quarter in the prior year, the business posted $0.78 EPS. Emerson Electric’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric’s payout ratio is currently 10.94%.

Emerson Electric 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.