Charles Schwab Investment Management Inc. Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Charles Schwab Investment Management Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,174,088 shares of the industrial products company’s stock after purchasing an additional 60,990 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Emerson Electric were worth $308,934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its position in shares of Emerson Electric by 62.8% in the fourth quarter. Apollon Wealth Management LLC now owns 32,232 shares of the industrial products company’s stock worth $3,137,000 after acquiring an additional 12,429 shares in the last quarter. Machina Capital S.A.S. acquired a new position in Emerson Electric in the 4th quarter worth $239,000. Maryland State Retirement & Pension System boosted its position in Emerson Electric by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 44,426 shares of the industrial products company’s stock valued at $4,324,000 after buying an additional 831 shares during the last quarter. Spire Wealth Management grew its stake in shares of Emerson Electric by 5.2% during the fourth quarter. Spire Wealth Management now owns 8,165 shares of the industrial products company’s stock valued at $775,000 after acquiring an additional 400 shares in the last quarter. Finally, Connecticut Wealth Management LLC increased its position in shares of Emerson Electric by 16.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 5,383 shares of the industrial products company’s stock worth $524,000 after acquiring an additional 777 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR traded up $3.81 during mid-day trading on Wednesday, reaching $111.21. 3,142,641 shares of the company’s stock traded hands, compared to its average volume of 2,786,409. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The stock has a market capitalization of $63.48 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The business’s 50-day moving average price is $110.61 and its 200-day moving average price is $99.95. 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 (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.89%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction 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 filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EMR. Barclays lifted their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group upped their price target 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. Bank of America boosted 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. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Berenberg Bank boosted their price objective 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.07.

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.