Waycross Partners LLC Invests $11.88 Million in Emerson Electric Co. (NYSE:EMR)

Waycross Partners LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 122,019 shares of the industrial products company’s stock, valued at approximately $11,876,000. Emerson Electric comprises about 2.2% of Waycross Partners LLC’s holdings, making the stock its 18th biggest position.

A number of other large investors also recently modified their holdings of the business. Tobam lifted its position in Emerson Electric by 2,275.0% in 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 last quarter. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric in the 4th quarter valued at about $35,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $39,000. MCF Advisors LLC lifted its position in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $42,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now 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 is available through the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 1.8 %

Shares of EMR stock traded down $1.97 during trading on Tuesday, hitting $107.79. 3,963,033 shares of the company were exchanged, compared to its average volume of 2,616,993. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a market capitalization of $61.53 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 1.90 and a beta of 1.37. The business’s 50-day simple moving average is $110.52 and its 200 day simple moving average is $99.51. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.95%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

Several research firms have commented on EMR. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. 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 raised their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Barclays raised their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada raised their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.