Emerson Electric Company (EMR) Shares Bought by Rand Wealth LLC

Rand Wealth LLC raised its stake in shares of Emerson Electric Company (NYSE:EMR) by 93.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,308 shares of the industrial products company’s stock after purchasing an additional 28,160 shares during the period. Rand Wealth LLC’s holdings in Emerson Electric were worth $4,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Beach Investment Management LLC. acquired a new stake in Emerson Electric during the second quarter worth about $771,000. Dividend Assets Capital LLC increased its position in shares of Emerson Electric by 4.0% during the second quarter. Dividend Assets Capital LLC now owns 13,010 shares of the industrial products company’s stock valued at $776,000 after acquiring an additional 505 shares during the last quarter. United Asset Strategies Inc. acquired a new stake in shares of Emerson Electric during the second quarter valued at about $564,000. Pinnacle Financial Partners Inc. increased its position in shares of Emerson Electric by 18.8% during the second quarter. Pinnacle Financial Partners Inc. now owns 73,418 shares of the industrial products company’s stock valued at $4,377,000 after acquiring an additional 11,634 shares during the last quarter. Finally, Ridgewood Investments LLC increased its position in shares of Emerson Electric by 9.6% during the second quarter. Ridgewood Investments LLC now owns 18,907 shares of the industrial products company’s stock valued at $1,127,000 after acquiring an additional 1,658 shares during the last quarter. 69.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Emerson Electric Company (EMR) opened at $71.31 on Thursday. Emerson Electric Company has a 1 year low of $56.77 and a 1 year high of $74.45. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The company has a market cap of $44,679.87, a PE ratio of 28.75, a P/E/G ratio of 2.20 and a beta of 1.19.

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

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

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, October 23rd. JMP Securities downgraded shares of Emerson Electric from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target on shares of Emerson Electric in a research note on Monday, December 11th. Finally, Robert W. Baird boosted their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Three equities research 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 company presently has an average rating of “Hold” and an average target price of $68.93.

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Emerson Electric Company 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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