Ingalls & Snyder LLC Purchases 353 Shares of Emerson Electric Co. (NYSE:EMR)

Ingalls & Snyder LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,111 shares of the industrial products company’s stock after purchasing an additional 353 shares during the period. Ingalls & Snyder LLC’s holdings in Emerson Electric were worth $3,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam raised its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the period. Resurgent Financial Advisors LLC purchased a new position in Emerson Electric during the fourth quarter valued at $32,000. Certified Advisory Corp purchased a new position in Emerson Electric during the first quarter valued at $34,000. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric during the fourth quarter valued at $35,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the fourth quarter valued at $39,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.8 %

EMR traded down $0.87 on Friday, reaching $112.65. 1,960,043 shares of the company traded hands, compared to its average volume of 2,694,975. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The firm has a fifty day simple moving average of $108.90 and a two-hundred day simple moving average of $98.29. The company has a market cap of $64.30 billion, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders 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 dividend yield of 1.86%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred 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 transaction, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EMR shares. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Berenberg Bank lifted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho raised their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. Finally, KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.47.

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.