Magnus Financial Group LLC Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Magnus Financial Group LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,651 shares of the industrial products company’s stock after purchasing an additional 302 shares during the period. Magnus Financial Group LLC’s holdings in Emerson Electric were worth $258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Adage Capital Partners GP L.L.C. grew its position in shares of Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after buying an additional 2,015,232 shares during the period. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Emerson Electric by 211.7% during the third quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock valued at $193,439,000 after purchasing an additional 1,360,477 shares during the last quarter. Invesco Ltd. grew its stake in shares of Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after buying an additional 1,184,202 shares during the last quarter. Finally, Morgan Stanley increased its position in Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after buying an additional 1,008,294 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other 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 value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group increased their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Barclays increased their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Bank of America lifted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Mizuho boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Stock Performance

EMR opened at $109.76 on Tuesday. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The company has a market cap of $62.65 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’s 50 day moving average is $110.46 and its 200 day moving average is $99.42.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid 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 dividend payout ratio (DPR) is 10.94%.

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.