Annis Gardner Whiting Capital Advisors LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,444 shares of the industrial products company’s stock after purchasing an additional 133 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Emerson Electric were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Waverly Advisors LLC raised its holdings in shares of Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $241,000. FMR LLC boosted its position in Emerson Electric by 1.3% in the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Emerson Electric by 23.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its holdings in Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after buying an additional 76,868 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.9 %

Shares of NYSE:EMR traded down $1.04 during midday trading on Thursday, reaching $113.64. 503,168 shares of the company’s stock were exchanged, compared to its average volume of 2,740,395. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market cap of $65.01 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 1.90 and a beta of 1.36. The firm’s 50 day simple moving average is $111.72 and its two-hundred day simple moving average is $101.76. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $116.76.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EMR shares. Mizuho raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Barclays increased their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Robert W. Baird decreased their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

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.