Prosperity Wealth Management Inc. Buys 150 Shares of Emerson Electric Co. (NYSE:EMR)

Prosperity Wealth Management Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,364 shares of the industrial products company’s stock after purchasing an additional 150 shares during the period. Prosperity Wealth Management Inc.’s holdings in Emerson Electric were worth $327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. RB Capital Management LLC increased its stake in shares of Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 155 shares during the last quarter. Fairfield Bush & CO. acquired a new position in Emerson Electric during the first quarter worth approximately $116,000. Prudential PLC bought a new stake in Emerson Electric in the first quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC lifted its position in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Emerson Electric by 31.8% during the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after acquiring an additional 931 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.27 on Wednesday, reaching $111.49. 2,326,203 shares of the stock were exchanged, compared to its average volume of 1,837,651. The firm’s 50 day moving average is $109.62 and its 200-day moving average is $98.53. The firm has a market cap of $63.64 billion, a PE ratio of 5.81, a P/E/G ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EMR shares. Bank of America lifted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Citigroup upped their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group raised their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their target price on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Finally, Barclays increased their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $115.47.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the 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 transaction, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Company 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.