Emerson Electric Co. (NYSE:EMR) Shares Acquired by Searle & CO.

Searle & CO. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 210.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,985 shares of the industrial products company’s stock after purchasing an additional 10,160 shares during the quarter. Searle & CO.’s holdings in Emerson Electric were worth $1,458,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EMR. DiNuzzo Private Wealth Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth $88,000. Beck Bode LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $596,000. Waycross Partners LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $11,876,000. Mission Wealth Management LP raised its position in Emerson Electric by 47.0% during the fourth quarter. Mission Wealth Management LP now owns 3,529 shares of the industrial products company’s stock valued at $344,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Certuity LLC boosted its stake in shares of Emerson Electric by 357.4% during the 4th quarter. Certuity LLC now owns 9,565 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 7,474 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.2 %

EMR traded down $1.33 on Wednesday, hitting $106.45. 3,583,814 shares of the company were exchanged, compared to its average volume of 2,628,504. 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 stock’s fifty day moving average is $110.52 and its 200-day moving average is $99.51. The company has a market cap of $60.76 billion, a PE ratio of 5.61, a PEG ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays increased their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group raised their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

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.