Checchi Capital Advisers LLC Has $818,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Checchi Capital Advisers LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,407 shares of the industrial products company’s stock after selling 190 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Emerson Electric were worth $818,000 at the end of the most recent quarter.

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

Emerson Electric Stock Down 0.6 %

Shares of EMR opened at $114.82 on Tuesday. The business’s 50 day simple moving average is $111.07 and its 200-day simple moving average is $100.47. Emerson Electric Co. has a one year low of $76.94 and a one year high of $116.76. The company has a market capitalization of $65.69 billion, a P/E ratio of 6.14, a PEG ratio of 1.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMRGet Free Report) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EMR shares. Loop Capital raised their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and raised their target price for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Bank of America raised their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Citigroup lifted their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.56.

Get Our Latest Report on EMR

Emerson Electric Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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