Nations Financial Group Inc. IA ADV Has $3.06 Million Stake in Emerson Electric Co. (NYSE:EMR)

Nations Financial Group Inc. IA ADV grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 56.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,996 shares of the industrial products company's stock after buying an additional 9,723 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Emerson Electric were worth $3,062,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC lifted its position in Emerson Electric by 2.3% in the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company's stock worth $500,000 after purchasing an additional 99 shares during the period. Harbour Capital Advisors LLC raised its position in Emerson Electric by 1.7% in the first quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company's stock worth $695,000 after purchasing an additional 100 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Emerson Electric by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company's stock worth $994,000 after purchasing an additional 101 shares during the period. Chemung Canal Trust Co. boosted its holdings in Emerson Electric by 0.3% during the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company's stock valued at $4,495,000 after purchasing an additional 103 shares in the last quarter. Finally, Stonehearth Capital Management LLC raised its holdings in shares of Emerson Electric by 3.3% in the 1st quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company's stock worth $377,000 after buying an additional 107 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company's stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on EMR shares. Barclays boosted their price target on Emerson Electric from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada boosted their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Mizuho lifted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. KeyCorp increased their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, Berenberg Bank lifted their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.25.

Emerson Electric Trading Up 0.1 %

Shares of NYSE EMR traded up $0.13 during mid-day trading on Friday, hitting $106.54. The company's stock had a trading volume of 5,925,874 shares, compared to its average volume of 2,217,240. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company's fifty day simple moving average is $110.58 and its 200-day simple moving average is $99.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The stock has a market cap of $60.81 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric's dividend payout ratio (DPR) is currently 10.94%.

Emerson Electric 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.

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