ICA Group Wealth Management LLC Acquires Shares of 3,039 Emerson Electric Co. (NYSE:EMR)

ICA Group Wealth Management LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,039 shares of the industrial products company’s stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Waverly Advisors LLC lifted its holdings in shares of Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth about $241,000. FMR LLC raised its holdings in Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Emerson Electric by 23.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 9,300 shares during the period. Finally, Capital Advisors Inc. OK increased its position in 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 purchasing an additional 76,868 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. Mizuho lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. 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 research note on Monday, March 4th. Barclays raised their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, UBS Group boosted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.76.

Emerson Electric Stock Up 0.9 %

EMR stock opened at $107.37 on Tuesday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $116.76. The stock has a market capitalization of $61.43 billion, a P/E ratio of 5.74, a PEG ratio of 1.78 and a beta of 1.34. The company has a 50 day moving average price of $110.60 and a two-hundred day moving average price of $104.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

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.