Royal Fund Management LLC Acquires 2,160 Shares of Emerson Electric Co. (NYSE:EMR)

Royal Fund Management LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,239 shares of the industrial products company’s stock after purchasing an additional 2,160 shares during the quarter. Royal Fund Management LLC’s holdings in Emerson Electric were worth $3,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tobam lifted its holdings in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Emerson Electric during the 4th quarter valued at about $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $39,000. MCF Advisors LLC lifted its position in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Emerson Electric in the third quarter worth approximately $42,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMR. Mizuho boosted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Berenberg Bank lifted their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Barclays lifted their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’s 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 directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Stock Up 0.1 %

Shares of NYSE:EMR traded up $0.13 during trading on Friday, hitting $106.54. The stock had a trading volume of 5,925,874 shares, compared to its average volume of 2,217,240. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a market capitalization of $60.81 billion, a PE ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36. The firm’s fifty day moving average is $110.58 and its 200 day moving average is $99.68.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS 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 analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

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.