Emerson Electric Co. (NYSE:EMR) Shares Bought by Beta Wealth Group Inc.

Beta Wealth Group Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,005 shares of the industrial products company’s stock after acquiring an additional 303 shares during the quarter. Beta Wealth Group Inc.’s holdings in Emerson Electric were worth $487,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Financial Advocates Investment Management lifted its stake in Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after buying an additional 101 shares in the last quarter. PFG Advisors lifted its stake in Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after buying an additional 108 shares in the last quarter. Accel Wealth Management lifted its stake in Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC lifted its stake in Emerson Electric by 5.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after buying an additional 114 shares in the last quarter. Finally, Silverlake Wealth Management LLC lifted its stake in shares of Emerson Electric by 2.8% during the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.8 %

NYSE EMR traded up $0.93 during trading hours on Friday, hitting $113.42. The company had a trading volume of 1,345,232 shares, compared to its average volume of 3,333,393. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $116.76. The company has a market capitalization of $64.89 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The firm’s 50 day moving average is $111.82 and its 200 day moving average is $102.23.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.525 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Bank of America increased their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Robert W. Baird reduced their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Mizuho increased their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, KeyCorp increased their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.56.

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.