Emerson Electric Co. (NYSE:EMR) Position Raised by Syon Capital LLC

Syon Capital LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 26.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,452 shares of the industrial products company’s stock after buying an additional 732 shares during the quarter. Syon Capital LLC’s holdings in Emerson Electric were worth $336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Emerson Electric by 13.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,112 shares of the industrial products company’s stock valued at $1,276,000 after purchasing an additional 1,537 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Emerson Electric by 5.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 37,909 shares of the industrial products company’s stock worth $3,690,000 after acquiring an additional 2,076 shares in the last quarter. Wynn Capital LLC bought a new stake in Emerson Electric in the fourth quarter worth about $444,000. Private Management Group Inc. increased its stake in Emerson Electric by 7.5% in the 4th quarter. Private Management Group Inc. now owns 2,901 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 203 shares in the last quarter. Finally, Cumberland Partners Ltd increased its stake in Emerson Electric by 11.7% in the 4th quarter. Cumberland Partners Ltd now owns 13,380 shares of the industrial products company’s stock worth $1,299,000 after purchasing an additional 1,400 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EMR shares. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. KeyCorp lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Mizuho lifted their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Barclays lifted their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group lifted their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Stock Up 0.3 %

EMR opened at $109.89 on Friday. The business has a 50 day moving average price of $110.38 and a 200 day moving average price of $99.30. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. 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 cap of $62.73 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.