Emerson Electric Co. (NYSE:EMR) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 37,909 shares of the industrial products company’s stock after purchasing an additional 2,076 shares during the period. Atria Wealth Solutions Inc.’s holdings in Emerson Electric were worth $3,690,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tobam raised its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Emerson Electric in the 4th quarter valued at about $35,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $39,000. MCF Advisors LLC raised its holdings in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’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 directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Stock Performance

NYSE:EMR opened at $109.89 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The stock has a market capitalization of $62.73 billion, a P/E ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The company has a 50 day moving average price of $110.38 and a 200 day moving average price of $99.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business posted $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. Equities research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Analysts Set New Price Targets

A number of analysts have commented on EMR shares. UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada increased their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank increased their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Bank of America increased their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Citigroup increased their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

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.