Wilkins Miller Wealth Management LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,682 shares of the industrial products company's stock, valued at approximately $456,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in Emerson Electric during the fourth quarter worth approximately $25,000. Orion Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric during the fourth quarter worth $28,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on 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 transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.
Emerson Electric Stock Performance
Shares of NYSE EMR traded down $1.27 during mid-day trading on Wednesday, hitting $119.70. The company had a trading volume of 2,372,398 shares, compared to its average volume of 2,927,990. The stock has a market cap of $67.33 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month 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. The firm's 50 day simple moving average is $108.33 and its two-hundred day simple moving average is $118.95.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.
Analyst Ratings Changes
A number of analysts have commented on the company. 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. Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup raised their price objective on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays increased their target price on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned 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 target price of $133.06.
Read Our Latest Stock Analysis on EMR
Emerson Electric Company 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.
Read More
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
