Wealthspire Advisors LLC Has $1.55 Million Position in Emerson Electric Co. (NYSE:EMR)

Wealthspire Advisors LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,897 shares of the industrial products company’s stock after buying an additional 567 shares during the quarter. Wealthspire Advisors LLC’s holdings in Emerson Electric were worth $1,547,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PFG Advisors lifted its stake in Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 108 shares during the period. Accel Wealth Management boosted 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 grew its position in Emerson Electric by 5.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 114 shares during the period. Silverlake Wealth Management LLC raised its stake in Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 115 shares in the last quarter. Finally, Cooper Financial Group boosted its stake in shares of Emerson Electric by 2.4% in the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 120 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 2.6 %

Shares of NYSE EMR traded up $2.94 during mid-day trading on Thursday, reaching $115.59. 4,982,821 shares of the company’s stock were exchanged, compared to its average volume of 2,842,192. 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 business has a fifty day simple moving average of $110.75 and a 200 day simple moving average of $100.04. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.77. The firm has a market capitalization of $65.98 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. As a group, equities analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio is 10.94%.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred 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 of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Mizuho raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $119.41.

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.