Dogwood Wealth Management LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Dogwood Wealth Management LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3,668.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,522 shares of the industrial products company's stock after acquiring an additional 4,402 shares during the period. Dogwood Wealth Management LLC's holdings in Emerson Electric were worth $560,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in Emerson Electric during the 4th quarter valued at about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $297,947,000. Boston Partners raised its holdings in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. KeyCorp decreased their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $133.53.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $0.65 during mid-day trading on Friday, reaching $119.27. 4,057,167 shares of the company traded hands, compared to its average volume of 2,933,119. The company's 50 day moving average price is $108.56 and its 200-day moving average price is $118.89. The firm has a market cap of $67.09 billion, a PE ratio of 28.47, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Company 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.