Bedel Financial Consulting Inc. bought a new position in Emerson Electric Company (NYSE:EMR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,101 shares of the industrial products company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Intellectus Partners LLC lifted its stake in shares of Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares during the period. Parallel Advisors LLC lifted its stake in shares of Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 26 shares during the period. Wayne Hummer Investments L.L.C. lifted its stake in shares of Emerson Electric by 0.4% in the second quarter. Wayne Hummer Investments L.L.C. now owns 18,502 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 70 shares during the period. Trust Co. of Virginia VA lifted its stake in shares of Emerson Electric by 2.2% in the second quarter. Trust Co. of Virginia VA now owns 3,500 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 75 shares during the period. Finally, Security National Bank of Sioux City Iowa IA lifted its stake in shares of Emerson Electric by 0.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 14,881 shares of the industrial products company’s stock valued at $887,000 after purchasing an additional 80 shares during the period. Institutional investors own 69.23% of the company’s stock.

Several analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a research note on Friday. Cowen upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.65.

In other news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,017 shares of company stock valued at $1,771,129. Insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE:EMR) opened at $69.07 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. The stock has a market cap of $43,848.26, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.38 and a beta of 1.19. Emerson Electric Company has a 52-week low of $56.77 and a 52-week high of $74.45.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. equities analysts expect that Emerson Electric Company will post 3.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.81%. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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