Breed s Hill Capital LLC Buys Shares of 4,720 Emerson Electric Co. (NYSE:EMR)

Breed s Hill Capital LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,720 shares of the industrial products company’s stock, valued at approximately $459,000.

Several other hedge funds have also recently bought and sold shares of EMR. Tobam increased its holdings in 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 acquiring an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $35,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $39,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Emerson Electric in the fourth quarter worth $39,000. Finally, MCF Advisors LLC boosted its stake in shares of Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 2.6 %

NYSE EMR traded up $2.94 during mid-day trading on Thursday, reaching $115.59. 4,982,821 shares of the company’s stock traded hands, compared to its average volume of 2,842,192. The company has a fifty day simple moving average of $110.75 and a 200-day simple moving average of $100.04. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.77. The company has a market cap of $65.98 billion, a price-to-earnings ratio of 6.02, a P/E/G ratio of 1.84 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Barclays increased their target price 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. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Bank of America boosted their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, UBS Group lifted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.41.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated 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 directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by company insiders.

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.