Mpwm Advisory Solutions LLC Takes $38,000 Position in Emerson Electric Co. (NYSE:EMR)

Mpwm Advisory Solutions LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 304 shares of the industrial products company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kinloch Capital LLC raised its position in Emerson Electric by 2.3% in the 4th quarter. Kinloch Capital LLC now owns 37,743 shares of the industrial products company’s stock worth $4,677,000 after purchasing an additional 853 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Emerson Electric by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company’s stock worth $478,710,000 after purchasing an additional 339,355 shares during the period. Waverly Advisors LLC raised its position in Emerson Electric by 29.8% in the 4th quarter. Waverly Advisors LLC now owns 24,372 shares of the industrial products company’s stock worth $3,020,000 after purchasing an additional 5,601 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Emerson Electric in the 4th quarter worth $3,003,000. Finally, Vident Advisory LLC raised its position in Emerson Electric by 4.5% in the 4th quarter. Vident Advisory LLC now owns 14,637 shares of the industrial products company’s stock worth $1,814,000 after purchasing an additional 633 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related 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 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 legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Trading Down 1.4%

Shares of EMR opened at $117.95 on Wednesday. The firm’s 50-day moving average price is $107.75 and its 200-day moving average price is $119.08. The firm has a market capitalization of $66.35 billion, a price-to-earnings ratio of 28.15, a PEG 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 1-year low of $90.06 and a 1-year high of $134.85.

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

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.24.

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.