Beaumont Asset Management L.L.C. Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Beaumont Asset Management L.L.C. increased its position in Emerson Electric Co. (NYSE:EMR) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,619 shares of the industrial products company’s stock after purchasing an additional 301 shares during the quarter. Beaumont Asset Management L.L.C.’s holdings in Emerson Electric were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tobam grew its holdings in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $35,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the 4th quarter worth approximately $39,000. MCF Advisors LLC lifted its holdings in Emerson Electric by 1,484.6% during the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in Emerson Electric during the 3rd quarter worth approximately $42,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company’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 completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

EMR traded up $1.14 on Tuesday, hitting $109.77. 1,964,309 shares of the stock traded hands, compared to its average volume of 2,627,330. 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 business has a fifty day moving average price of $110.06 and a two-hundred day moving average price of $98.94. The firm has a market capitalization of $62.66 billion, a PE ratio of 5.74, a P/E/G ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $0.78 EPS. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors 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 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Barclays raised their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Bank of America raised their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Mizuho raised their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.25.

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.