Mission Wealth Management LP Acquires 1,129 Shares of Emerson Electric Co. (NYSE:EMR)

Mission Wealth Management LP boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 47.0% in the fourth quarter, HoldingsChannel reports. The fund owned 3,529 shares of the industrial products company’s stock after acquiring an additional 1,129 shares during the period. Mission Wealth Management LP’s holdings in Emerson Electric were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tobam grew its position in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Emerson Electric during the fourth quarter valued at $35,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the 4th quarter worth about $39,000. MCF Advisors LLC boosted its holdings in shares of Emerson Electric by 1,484.6% during the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $42,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of several recent research reports. Mizuho increased their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Citigroup boosted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Barclays boosted their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada increased their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Bank of America boosted their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric Trading Up 0.1 %

Shares of EMR opened at $106.54 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $110.57 and a 200 day moving average price of $99.60. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The firm has a market capitalization of $60.81 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. Sell-side analysts forecast 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. Investors of record on Friday, February 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is currently 10.94%.

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 that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now 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 can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric 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.