Private Management Group Inc. Buys 203 Shares of Emerson Electric Co. (NYSE:EMR)

Private Management Group Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,901 shares of the industrial products company’s stock after purchasing an additional 203 shares during the period. Private Management Group Inc.’s holdings in Emerson Electric were worth $282,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Cumberland Partners Ltd grew its holdings in shares of Emerson Electric by 11.7% during the fourth quarter. Cumberland Partners Ltd now owns 13,380 shares of the industrial products company’s stock worth $1,299,000 after purchasing an additional 1,400 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $388,000. Beaumont Asset Management L.L.C. grew its holdings in shares of Emerson Electric by 13.0% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 2,619 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 301 shares during the last quarter. Trust Co of Kansas grew its holdings in shares of Emerson Electric by 1.7% during the fourth quarter. Trust Co of Kansas now owns 59,161 shares of the industrial products company’s stock worth $5,758,000 after purchasing an additional 967 shares during the last quarter. Finally, PDS Planning Inc grew its holdings in shares of Emerson Electric by 5.7% during the fourth quarter. PDS Planning Inc now owns 6,008 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 322 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Bank of America upped their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Berenberg Bank upped their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada increased their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’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 value of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 0.1 %

Shares of NYSE EMR traded down $0.15 during mid-day trading on Wednesday, reaching $109.62. 1,873,662 shares of the company’s stock were exchanged, compared to its average volume of 2,625,369. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $62.57 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The business has a fifty day simple moving average of $110.16 and a 200 day simple moving average of $99.04.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. As a group, equities analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid 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 yield of 1.92%. Emerson Electric’s dividend payout ratio is 10.94%.

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.