Trust Co of Kansas boosted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,161 shares of the industrial products company’s stock after buying an additional 967 shares during the quarter. Emerson Electric accounts for about 3.2% of Trust Co of Kansas’ investment portfolio, making the stock its 14th largest position. Trust Co of Kansas’ holdings in Emerson Electric were worth $5,758,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of EMR. PFG Advisors grew its stake in Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after buying an additional 108 shares during the last quarter. Accel Wealth Management raised its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC boosted its position in Emerson Electric by 5.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after buying an additional 114 shares during the last quarter. Silverlake Wealth Management LLC lifted its stake in shares of Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after acquiring an additional 115 shares during the period. Finally, Cooper Financial Group increased its position in Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after purchasing an additional 120 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Mark A. Blinn sold 2,413 shares of the business’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 directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.
Emerson Electric Stock Up 1.3 %
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. Emerson Electric’s payout ratio is 10.94%.
Wall Street Analysts Forecast Growth
EMR has been the subject of several analyst reports. Royal Bank of Canada lifted their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Mizuho upped their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Barclays raised their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, KeyCorp upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.25.
View Our Latest Research Report on Emerson Electric
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.
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