Emerson Electric Co. (NYSE:EMR) Shares Purchased by WASHINGTON TRUST Co

WASHINGTON TRUST Co increased its stake in Emerson Electric Co. (NYSE:EMR) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,389 shares of the industrial products company’s stock after acquiring an additional 1,493 shares during the period. WASHINGTON TRUST Co’s holdings in Emerson Electric were worth $719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC boosted its holdings in Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after buying an additional 54,365,954 shares in the last quarter. Norges Bank bought a new stake in Emerson Electric during the fourth quarter worth approximately $702,606,000. Morgan Stanley boosted its holdings in Emerson Electric by 28.4% during the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after buying an additional 2,621,089 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after acquiring an additional 2,015,232 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 0.3 %

Shares of Emerson Electric stock traded down $0.29 on Thursday, hitting $113.16. The company had a trading volume of 776,685 shares, compared to its average volume of 2,801,061. The firm has a market capitalization of $64.59 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.95 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $113.89. 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 stock has a 50-day moving average of $103.91 and a 200-day moving average of $96.90.

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, beating the consensus estimate 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 net margin of 69.33% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Transactions at Emerson Electric

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

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Mizuho increased their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. UBS Group increased their target price 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. Bank of America increased their target price 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. Wells Fargo & Company raised their price target on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Finally, Barclays raised their price target on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.00.

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.