Waterfront Wealth Inc. Has $1.05 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Waterfront Wealth Inc. boosted its stake in Emerson Electric Co. (NYSE:EMR) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,774 shares of the industrial products company’s stock after purchasing an additional 242 shares during the period. Waterfront Wealth Inc.’s holdings in Emerson Electric were worth $1,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Emerson Electric by 86.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 967 shares of the industrial products company’s stock worth $94,000 after buying an additional 448 shares during the period. Oakworth Capital Inc. grew its holdings in Emerson Electric by 37.0% during the fourth quarter. Oakworth Capital Inc. now owns 2,629 shares of the industrial products company’s stock worth $256,000 after buying an additional 710 shares in the last quarter. Prosperity Wealth Management Inc. grew its stake in Emerson Electric by 4.7% in the 4th quarter. Prosperity Wealth Management Inc. now owns 3,364 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 150 shares during the period. TRUE Private Wealth Advisors grew its stake in Emerson Electric by 8.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 45,855 shares of the industrial products company’s stock valued at $4,463,000 after purchasing an additional 3,426 shares during the period. Finally, Tyche Wealth Partners LLC bought a new position in Emerson Electric in the 4th quarter valued at $618,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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 report on Thursday, March 21st. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Bank of America upped their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $115.47.

Insider Activity

In other Emerson Electric 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 value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 1.5 %

Shares of Emerson Electric stock traded down $1.68 on Wednesday, hitting $109.81. The stock had a trading volume of 2,316,755 shares, compared to its average volume of 2,671,557. The stock’s 50-day simple moving average is $109.73 and its two-hundred day simple moving average is $98.61. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $62.68 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.93 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its earnings results 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. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, sell-side 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. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is 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.