Waycross Partners LLC Purchases New Position in Emerson Electric Co. (NYSE:EMR)

Waycross Partners LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 122,019 shares of the industrial products company’s stock, valued at approximately $11,876,000. Emerson Electric makes up approximately 2.2% of Waycross Partners LLC’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently modified their holdings of EMR. Tobam lifted its stake in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric in the 4th quarter worth approximately $35,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $39,000. MCF Advisors LLC lifted its stake in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 386 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $42,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho raised their price objective 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. Bank of America raised their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Trading Down 1.8 %

Shares of EMR stock traded down $1.97 on Tuesday, hitting $107.79. 3,963,033 shares of the company’s stock traded hands, compared to its average volume of 2,616,993. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company’s fifty day simple moving average is $110.52 and its 200 day simple moving average is $99.51. The stock has a market capitalization of $61.53 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for 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%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. Equities analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.