Emerson Electric Co. (NYSE:EMR) Position Boosted by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,532 shares of the industrial products company’s stock after purchasing an additional 209 shares during the period. Paradigm Financial Partners LLC’s holdings in Emerson Electric were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Sargent Investment Group LLC boosted its position in shares of Emerson Electric by 0.9% during the 4th quarter. Sargent Investment Group LLC now owns 21,844 shares of the industrial products company’s stock valued at $2,126,000 after purchasing an additional 185 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Emerson Electric by 7.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,006 shares of the industrial products company’s stock valued at $390,000 after buying an additional 284 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Emerson Electric by 218.8% in the fourth quarter. Addison Advisors LLC now owns 1,610 shares of the industrial products company’s stock valued at $157,000 after buying an additional 1,105 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in Emerson Electric by 4.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 91,113 shares of the industrial products company’s stock worth $8,868,000 after purchasing an additional 3,674 shares during the period. Finally, Bryn Mawr Capital Management LLC increased its position in Emerson Electric by 21.1% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 14,763 shares of the industrial products company’s stock worth $1,437,000 after purchasing an additional 2,577 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3 %

Shares of Emerson Electric stock traded up $0.29 on Friday, reaching $109.89. 1,364,495 shares of the company were exchanged, compared to its average volume of 1,854,608. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company has a market capitalization of $62.73 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $110.38 and a 200 day moving average of $99.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Insider Buying and Selling

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 transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Royal Bank of Canada lifted their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. 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. 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. Finally, Barclays lifted their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

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.