SS&H Financial Advisors Inc. Acquires Shares of 14,600 Emerson Electric Co. (NYSE:EMR)

by · The Cerbat Gem

SS&H Financial Advisors Inc. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the third quarter, Holdings Channel reports. The firm acquired 14,600 shares of the industrial products company’s stock, valued at approximately $1,410,000.

A number of other large investors have also added to or reduced their stakes in EMR. Glass Jacobson Investment Advisors llc bought a new stake in shares of Emerson Electric in the 2nd quarter worth $28,000. Resurgent Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth $32,000. Certified Advisory Corp bought a new stake in shares of Emerson Electric in the 1st quarter worth $34,000. Wolff Wiese Magana LLC increased its holdings in shares of Emerson Electric by 122.7% in the 2nd quarter. Wolff Wiese Magana LLC now owns 363 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, West Tower Group LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Arthur F. Golden acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $85.64 per share, with a total value of $256,920.00. Following the completion of the purchase, the director now directly owns 97,504 shares in the company, valued at approximately $8,350,242.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $88.20 per share, with a total value of $882,000.00. Following the completion of the purchase, the chief executive officer now owns 148,542 shares in the company, valued at $13,101,404.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur F. Golden purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $85.64 per share, with a total value of $256,920.00. Following the completion of the purchase, the director now owns 97,504 shares of the company’s stock, valued at approximately $8,350,242.56. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EMR shares. Citigroup reduced their target price on Emerson Electric from $112.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Wells Fargo & Company upped their price objective on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Stephens reduced their price objective on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. UBS Group reduced their price objective on Emerson Electric from $104.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, November 22nd. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.44.

Read Our Latest Research Report on Emerson Electric

Emerson Electric Stock Performance

EMR traded up $0.08 during midday trading on Wednesday, reaching $97.60. The company had a trading volume of 224,814 shares, compared to its average volume of 3,126,851. The company has a market cap of $55.64 billion, a P/E ratio of 4.26, a P/E/G ratio of 1.65 and a beta of 1.32. The company has a quick ratio of 2.35, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $90.31 and a two-hundred day moving average of $92.72. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $100.62.

Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.20 billion. Emerson Electric had a return on equity of 11.78% and a net margin of 87.17%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS. As a group, equities research analysts predict that Emerson Electric Co. will post 5.29 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were paid a $0.525 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, November 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.15%. Emerson Electric’s dividend payout ratio is 9.16%.

Emerson Electric Profile

(Free Report)

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.

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