Accel Wealth Management Purchases 114 Shares of Emerson Electric Co. (NYSE:EMR)

Accel Wealth Management lifted its position in Emerson Electric Co. (NYSE:EMR) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,239 shares of the industrial products company’s stock after acquiring an additional 114 shares during the quarter. Accel Wealth Management’s holdings in Emerson Electric were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. RB Capital Management LLC raised its stake in shares of Emerson Electric by 3.0% during the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 155 shares in the last quarter. Fairfield Bush & CO. purchased a new position in shares of Emerson Electric during the first quarter worth approximately $116,000. Prudential PLC purchased a new position in shares of Emerson Electric during the first quarter worth approximately $1,215,000. Sequoia Financial Advisors LLC increased its stake in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC increased its stake in shares of Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on EMR shares. UBS Group lifted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Bank of America boosted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Berenberg Bank boosted their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Barclays upped their price target on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Emerson Electric Trading Down 0.0 %

NYSE EMR traded down $0.03 on Thursday, reaching $113.42. 2,237,280 shares of the company were exchanged, compared to its average volume of 2,826,846. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $113.89. The business’s fifty day moving average price is $103.91 and its 200 day moving average price is $96.90. The stock has a market capitalization of $64.74 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.95 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio is currently 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 dated 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 of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at 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.