Beck Bode LLC Purchases Shares of 6,128 Emerson Electric Co. (NYSE:EMR)

Beck Bode LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,128 shares of the industrial products company’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA increased its holdings in shares of Emerson Electric by 57.5% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 1,370 shares of the industrial products company’s stock worth $132,000 after buying an additional 500 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in shares of Emerson Electric by 20.1% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,895 shares of the industrial products company’s stock worth $374,000 after acquiring an additional 653 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Emerson Electric by 3.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 91,761 shares of the industrial products company’s stock valued at $8,861,000 after purchasing an additional 2,745 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Emerson Electric by 49.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 98,018 shares of the industrial products company’s stock valued at $9,466,000 after purchasing an additional 32,445 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of Emerson Electric by 11.0% in the 3rd quarter. Xponance Inc. now owns 76,423 shares of the industrial products company’s stock worth $7,380,000 after purchasing an additional 7,570 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock traded down $0.75 during trading hours on Wednesday, hitting $107.03. The company had a trading volume of 160,645 shares, compared to its average volume of 2,587,242. The firm has a market cap of $61.09 billion, a PE ratio of 5.61, a PEG ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The firm has a 50-day moving average of $110.52 and a 200 day moving average of $99.51.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for 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 firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.78 earnings per share. On average, sell-side analysts expect that Emerson Electric Co. will post 5.4 earnings per share 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 given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Insider Transactions at Emerson Electric

In related 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 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America boosted their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Mizuho raised their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus 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.