Lindbrook Capital LLC Acquires 585 Shares of Emerson Electric Co. (NYSE:EMR)

Lindbrook Capital LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,206 shares of the industrial products company’s stock after purchasing an additional 585 shares during the period. Lindbrook Capital LLC’s holdings in Emerson Electric were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Waverly Advisors LLC raised its stake in Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $241,000. FMR LLC lifted its holdings in Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at about $320,000. Finally, Capital Advisors Inc. OK increased its holdings in shares of Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after buying an additional 76,868 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EMR shares. Barclays boosted their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group raised their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Price Performance

Emerson Electric stock opened at $108.63 on Tuesday. 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 firm has a market capitalization of $62.01 billion, a P/E ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. The business has a 50-day moving average of $110.06 and a 200-day moving average of $98.94. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. Emerson Electric’s payout ratio is 10.94%.

Emerson Electric 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.