Stonebrook Private Inc. Buys New Shares in Emerson Electric Co. (NYSE:EMR)

Stonebrook Private Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,738 shares of the industrial products company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Wealth Partners Ltd. grew its stake in shares of Emerson Electric by 32.7% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 75,992 shares of the industrial products company’s stock valued at $9,522,000 after buying an additional 18,725 shares in the last quarter. Tema Etfs LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at $4,580,000. Snowden Capital Advisors LLC increased its holdings in shares of Emerson Electric by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 35,914 shares of the industrial products company’s stock valued at $4,451,000 after purchasing an additional 855 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Emerson Electric by 32.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 197,160 shares of the industrial products company’s stock valued at $24,434,000 after purchasing an additional 48,485 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Emerson Electric by 10.0% in the fourth quarter. Royal Bank of Canada now owns 3,309,998 shares of the industrial products company’s stock valued at $410,207,000 after purchasing an additional 299,929 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.3%

EMR opened at $120.58 on Monday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a 50-day simple moving average of $107.40 and a 200 day simple moving average of $119.01. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $67.83 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 2.49 and a beta of 1.26.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Analyst Ratings Changes

Several equities analysts have commented on EMR shares. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Barclays upped their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a report on Thursday, May 8th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Emerson Electric from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $132.24.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

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.