IFG Advisory LLC Takes $1.10 Million Position in Emerson Electric Company (NYSE:EMR)

IFG Advisory LLC bought a new position in shares of Emerson Electric Company (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,051 shares of the industrial products company’s stock, valued at approximately $1,100,000.

A number of other large investors have also modified their holdings of EMR. Vanguard Group Inc. boosted its position in shares of Emerson Electric by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after acquiring an additional 497,625 shares during the period. BlackRock Inc. boosted its position in shares of Emerson Electric by 1.9% in the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after acquiring an additional 778,791 shares during the period. Longview Partners Guernsey LTD boosted its position in shares of Emerson Electric by 9.0% in the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after acquiring an additional 1,134,275 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Emerson Electric by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after acquiring an additional 597,993 shares during the period. Finally, Capital World Investors boosted its position in shares of Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after acquiring an additional 500,000 shares during the period. Hedge funds and other institutional investors own 69.44% of the company’s stock.

Emerson Electric Company (EMR) opened at $71.31 on Thursday. The company has a market cap of $44,679.87, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19. Emerson Electric Company has a one year low of $56.77 and a one year high of $74.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. sell-side analysts predict that Emerson Electric Company will post 3.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.

In related news, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last three months. Insiders own 0.79% of the company’s stock.

Several brokerages have issued reports on EMR. UBS Group began coverage on shares of Emerson Electric in a research report on Monday, January 22nd. They set a “buy” rating and a $73.26 target price for the company. Wells Fargo & Co reiterated a “market perform” rating and set a $73.00 target price (up from $65.00) on shares of Emerson Electric in a research report on Thursday, January 18th. JMP Securities lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $74.45 to $56.77 in a research report on Thursday, February 1st. Barclays began coverage on shares of Emerson Electric in a research report on Thursday. They set an “overweight” rating and a $80.00 target price for the company. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $70.38 to $80.00 in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $69.67.

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Emerson Electric Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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