PFG Advisors Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

PFG Advisors increased its position in Emerson Electric Co. (NYSE:EMRFree Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,495 shares of the industrial products company’s stock after purchasing an additional 108 shares during the period. PFG Advisors’ holdings in Emerson Electric were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Waverly Advisors LLC boosted its holdings in Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC bought a new stake in Emerson Electric in the fourth quarter worth $241,000. FMR LLC boosted its holdings in Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after acquiring an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Emerson Electric in the third quarter worth $320,000. Finally, Kesler Norman & Wride LLC boosted its holdings in Emerson Electric by 162.0% in the fourth quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock worth $4,783,000 after acquiring an additional 30,385 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research analyst reports. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their price target on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Berenberg Bank upped their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

View Our Latest Report on EMR

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

Shares of EMR stock opened at $113.54 on Thursday. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $114.19. 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 firm has a market capitalization of $64.81 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.97 and a beta of 1.37. The stock has a 50 day moving average price of $105.80 and a 200 day moving average price of $97.41.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.85%. Emerson Electric’s payout ratio is currently 10.94%.

About Emerson Electric

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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