Confluence Wealth Services Inc. Has $708,000 Position in Emerson Electric Co. (NYSE:EMR)

Confluence Wealth Services Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 17.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,242 shares of the industrial products company’s stock after buying an additional 920 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Emerson Electric were worth $708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tobam lifted its holdings in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the period. Accordant Advisory Group Inc acquired a new position in Emerson Electric during the 1st quarter worth about $29,000. Security National Bank acquired a new position in Emerson Electric during the 4th quarter worth about $29,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $32,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EMR shares. Berenberg Bank boosted their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Citigroup boosted their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays boosted their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Stock Down 1.8 %

EMR traded down $1.97 during midday trading on Tuesday, reaching $107.79. 3,963,033 shares of the company were exchanged, compared to its average volume of 2,616,993. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The company’s fifty day moving average price is $110.52 and its 200 day moving average price is $99.51. The company has a market cap of $61.53 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. As a group, analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

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 transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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.