Continuum Advisory LLC Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Continuum Advisory LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,376 shares of the industrial products company’s stock after purchasing an additional 271 shares during the period. Continuum Advisory LLC’s holdings in Emerson Electric were worth $1,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EMR. Stokes Family Office LLC grew its stake in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. grew its position in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock worth $749,000 after acquiring an additional 434 shares during the last quarter. World Investment Advisors raised its position in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. Finally, Howland Capital Management LLC boosted its holdings in shares of Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 3,054 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Down 1.4%

NYSE EMR opened at $117.95 on Wednesday. The stock has a market cap of $66.35 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a fifty day simple moving average of $107.75 and a two-hundred day simple moving average of $119.08.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

Analyst Ratings Changes

A number of research firms recently commented on EMR. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Wells Fargo & Company increased their price target on Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.24.

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.