Transcend Capital Advisors LLC Purchases 284 Shares of Emerson Electric Co. (NYSE:EMR)

Transcend Capital Advisors LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,006 shares of the industrial products company’s stock after acquiring an additional 284 shares during the period. Transcend Capital Advisors LLC’s holdings in Emerson Electric were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Waverly Advisors LLC raised its stake in Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $241,000. FMR LLC boosted its holdings in shares of Emerson Electric by 1.3% in the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth $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 worth $8,393,000 after buying an additional 76,868 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.1 %

NYSE:EMR opened at $109.76 on Tuesday. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. 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’s fifty day moving average is $110.46 and its 200-day moving average is $99.42. The firm has a market cap of $62.65 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS 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 analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend 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%.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now 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 the SEC website. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho increased their target price 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. Bank of America upped their price target 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. UBS Group boosted 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. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.