8,418 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, HoldingsChannel reports. The fund purchased 8,418 shares of the industrial products company’s stock, valued at approximately $1,043,000.

Several other hedge funds have also modified their holdings of EMR. Brookstone Capital Management grew its stake in shares of Emerson Electric by 57.2% during the 4th quarter. Brookstone Capital Management now owns 18,833 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 6,855 shares during the period. Wedmont Private Capital raised its holdings in shares of Emerson Electric by 7.6% during the 4th quarter. Wedmont Private Capital now owns 5,324 shares of the industrial products company’s stock worth $628,000 after acquiring an additional 374 shares during the period. Mayfair Advisory Group LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth $239,000. SeaCrest Wealth Management LLC increased its position in shares of Emerson Electric by 6.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 11,086 shares of the industrial products company’s stock worth $1,374,000 after purchasing an additional 651 shares during the last quarter. Finally, Pines Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $204,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.1%

NYSE:EMR opened at $121.39 on Thursday. The stock’s fifty day moving average price is $107.03 and its two-hundred day moving average price is $118.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company earned $1.36 EPS. Emerson Electric’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.74%. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EMR. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.88.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

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.