Everpar Advisors LLC Buys Shares of 2,448 Emerson Electric Co. (NYSE:EMR)

Everpar Advisors LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,448 shares of the industrial products company’s stock, valued at approximately $238,000.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley raised its position in Emerson Electric by 7.9% in the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares during the last quarter. Invesco Ltd. raised its position in shares of Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. Northern Trust Corp raised its position in shares of Emerson Electric by 2.4% during the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after acquiring an additional 168,783 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Emerson Electric by 1.8% during the third quarter. Stifel Financial Corp now owns 4,557,738 shares of the industrial products company’s stock worth $440,145,000 after acquiring an additional 80,451 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EMR. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. UBS Group raised their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Robert W. Baird decreased their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.41.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction 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 sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Emerson Electric Stock Up 4.9 %

Shares of NYSE:EMR opened at $112.65 on Thursday. The stock has a market cap of $64.30 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 1.84 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The business’s 50 day moving average is $110.61 and its 200 day moving average is $99.95.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 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 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.86%. Emerson Electric’s payout ratio is 10.94%.

Emerson Electric 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.