Bison Wealth LLC Has $463,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Bison Wealth LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 9.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,754 shares of the industrial products company’s stock after acquiring an additional 412 shares during the period. Bison Wealth LLC’s holdings in Emerson Electric were worth $463,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tobam grew its stake in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $32,000. Certified Advisory Corp acquired a new stake in Emerson Electric during the first quarter worth approximately $34,000. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric in the fourth quarter worth approximately $35,000. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group increased their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada increased their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Wells Fargo & Company increased their price target on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Mizuho raised their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $115.47.

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 stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $111.49 on Wednesday. The business’s fifty day simple moving average is $109.62 and its 200 day simple moving average is $98.53. The firm has a market capitalization of $63.64 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts anticipate 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 given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

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.