TRUE Private Wealth Advisors Buys 3,426 Shares of Emerson Electric Co. (NYSE:EMR)

TRUE Private Wealth Advisors raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,855 shares of the industrial products company’s stock after acquiring an additional 3,426 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Emerson Electric were worth $4,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. RB Capital Management LLC boosted its position in shares of Emerson Electric by 3.0% in 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 in the last quarter. Fairfield Bush & CO. purchased a new position in Emerson Electric during the 1st quarter worth $116,000. Prudential PLC purchased a new position in Emerson Electric during the 1st quarter worth $1,215,000. Sequoia Financial Advisors LLC grew its stake in Emerson Electric by 17.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in 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 buying an additional 931 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR traded down $0.27 during trading hours on Wednesday, reaching $111.49. The company’s stock had a trading volume of 2,326,203 shares, compared to its average volume of 1,837,651. The firm has a market capitalization of $63.64 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 1.93 and a beta of 1.37. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. 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 company’s 50-day moving average is $109.62 and its two-hundred day moving average is $98.53.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Berenberg Bank boosted their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Bank of America lifted their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Wells Fargo & Company lifted their price target on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. Finally, Barclays lifted their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $115.47.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is owned by company insiders.

About Emerson Electric

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.