Tidal Investments LLC Buys 172,514 Shares of Emerson Electric Co. (NYSE:EMR)

Tidal Investments LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 627.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,005 shares of the industrial products company's stock after purchasing an additional 172,514 shares during the period. Tidal Investments LLC's holdings in Emerson Electric were worth $24,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empirical Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $1,793,000. Procyon Advisors LLC boosted its holdings in shares of Emerson Electric by 3.1% in the 4th quarter. Procyon Advisors LLC now owns 5,254 shares of the industrial products company's stock valued at $651,000 after buying an additional 156 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Emerson Electric by 3.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 20,457 shares of the industrial products company's stock valued at $2,535,000 after buying an additional 674 shares in the last quarter. Merit Financial Group LLC increased its holdings in Emerson Electric by 59.4% during the fourth quarter. Merit Financial Group LLC now owns 23,695 shares of the industrial products company's stock worth $2,937,000 after buying an additional 8,834 shares during the last quarter. Finally, Somerset Trust Co raised its position in Emerson Electric by 1.7% during the fourth quarter. Somerset Trust Co now owns 26,092 shares of the industrial products company's stock worth $3,234,000 after acquiring an additional 443 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, 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 legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $1.63 during trading on Tuesday, reaching $117.95. The company's stock had a trading volume of 2,770,618 shares, compared to its average volume of 2,911,335. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business's 50-day moving average price is $107.75 and its 200-day moving average price is $119.08. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The firm has a market cap of $66.35 billion, a PE ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Robert W. Baird dropped their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.24.

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.