Patrick M Sweeney & Associates Inc. Invests $468,000 in Emerson Electric Co. (NYSE:EMR)

Patrick M Sweeney & Associates Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,810 shares of the industrial products company’s stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PFG Advisors lifted its position in Emerson Electric by 4.5% in 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 boosted its stake in shares of Emerson Electric by 3.6% during the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its holdings in Emerson Electric by 5.3% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 114 shares during the last quarter. Silverlake Wealth Management LLC raised its position in Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares during the period. Finally, Cooper Financial Group lifted its stake 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 last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 4.9 %

Emerson Electric stock traded up $5.25 during mid-day trading on Wednesday, reaching $112.65. 6,046,909 shares of the company were exchanged, compared to its average volume of 2,820,365. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a market cap of $64.30 billion, a P/E ratio of 5.60, a PEG ratio of 1.84 and a beta of 1.36. The business has a fifty day moving average of $110.61 and a 200 day moving average of $99.95. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 9,591 shares in the company, valued at $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

EMR has been the topic of several recent analyst reports. KeyCorp increased their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Bank of America lifted their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. UBS Group upped their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Berenberg Bank boosted their price objective 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. Finally, Royal Bank of Canada raised their target price 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.07.

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.