Wynn Capital LLC Takes $444,000 Position in Emerson Electric Co. (NYSE:EMR)

Wynn Capital LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,558 shares of the industrial products company’s stock, valued at approximately $444,000.

Several other hedge funds have also recently made changes to their positions in the business. Morgan Stanley raised its position in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the period. Invesco Ltd. raised its position in Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares during the period. Nordea Investment Management AB raised its position in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares during the period. Northern Trust Corp raised its position in Emerson Electric by 2.4% in the 3rd quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after purchasing an additional 168,783 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Emerson Electric by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock worth $566,398,000 after purchasing an additional 165,249 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.15 during trading hours on Wednesday, reaching $109.62. The stock had a trading volume of 1,873,662 shares, compared to its average volume of 2,631,500. The firm has a market capitalization of $62.57 billion, a PE ratio of 5.72, a PEG ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve 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 stock’s 50 day moving average is $110.16 and its 200 day moving average is $99.04.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Equities analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Ratings Changes

A number of analysts recently weighed in on EMR shares. Mizuho increased their price objective 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. 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 note on Thursday, March 21st. Citigroup upped their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. KeyCorp upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Barclays upped their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

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.