RWA Wealth Partners LLC Buys 6,204 Shares of Emerson Electric Co. (NYSE:EMR)

RWA Wealth Partners LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,331 shares of the industrial products company’s stock after acquiring an additional 6,204 shares during the period. RWA Wealth Partners LLC’s holdings in Emerson Electric were worth $3,244,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Morgan Stanley raised its position in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the period. Invesco Ltd. increased its position in shares of Emerson Electric by 16.9% in the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after acquiring an additional 1,184,202 shares during the period. Nordea Investment Management AB increased its position in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares during the period. Northern Trust Corp increased its position in shares of Emerson Electric by 2.4% in the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after acquiring an additional 168,783 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Emerson Electric by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after acquiring an additional 165,249 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

Emerson Electric Stock Up 0.0 %

Shares of EMR stock opened at $108.63 on Tuesday. The company has a 50 day simple moving average of $110.06 and a two-hundred day simple moving average of $98.94. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market cap of $62.01 billion, a P/E ratio of 5.66, a P/E/G ratio of 1.88 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.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given 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 dividend yield of 1.93%. Emerson Electric’s dividend payout ratio is 10.94%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EMR. Barclays boosted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group boosted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Mizuho boosted 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. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

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.