Cwm LLC Acquires 1,243 Shares of Emerson Electric Co. (NYSE:EMR)

Cwm LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,649 shares of the industrial products company’s stock after acquiring an additional 1,243 shares during the period. Cwm LLC’s holdings in Emerson Electric were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Emerson Electric by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,690 shares of the industrial products company’s stock worth $4,934,000 after buying an additional 387 shares during the period. Signaturefd LLC boosted its holdings in Emerson Electric by 1.7% in the 4th quarter. Signaturefd LLC now owns 11,341 shares of the industrial products company’s stock worth $1,104,000 after buying an additional 185 shares during the period. Nicholas Hoffman & Company LLC. boosted its holdings in Emerson Electric by 4.1% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 4,347 shares of the industrial products company’s stock worth $423,000 after buying an additional 172 shares during the period. Lindbrook Capital LLC boosted its holdings in Emerson Electric by 36.1% in the 4th quarter. Lindbrook Capital LLC now owns 2,206 shares of the industrial products company’s stock worth $215,000 after buying an additional 585 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in Emerson Electric by 53.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 7,058 shares of the industrial products company’s stock worth $687,000 after buying an additional 2,470 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. Citigroup upped their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Mizuho increased their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, 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 report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on 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 directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

Emerson Electric stock opened at $109.87 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. The firm has a market capitalization of $62.71 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The company’s 50-day moving average is $110.38 and its 200 day moving average is $99.28.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping 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 company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

About Emerson Electric

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.