Obermeyer Wood Investment Counsel Lllp Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Obermeyer Wood Investment Counsel Lllp raised its holdings in Emerson Electric Co. (NYSE:EMR) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,724 shares of the industrial products company’s stock after purchasing an additional 132 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Emerson Electric were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EMR. Waverly Advisors LLC lifted its position in shares of Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $241,000. FMR LLC lifted its position in shares of Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after acquiring an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK lifted its position in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after acquiring an additional 76,868 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’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 transaction, the director now 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 accessible through this link. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 0.5 %

Shares of NYSE EMR traded down $0.50 during trading on Thursday, hitting $109.31. 1,636,713 shares of the company traded hands, compared to its average volume of 2,657,974. The company has a 50-day moving average price of $109.73 and a 200-day moving average price of $98.61. 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 Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a market capitalization of $62.39 billion, a P/E ratio of 5.73, a P/E/G ratio of 1.93 and a beta of 1.37.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analyst Weigh In

EMR has been the subject of several research reports. KeyCorp lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Bank of America lifted 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.47.

Emerson Electric Company 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.