Twin Capital Management Inc. Buys New Shares in Emerson Electric Co. (NYSE:EMR)

Twin Capital Management Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, HoldingsChannel reports. The firm bought 4,795 shares of the industrial products company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Tobam raised its holdings in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $32,000. Certified Advisory Corp acquired a new stake in shares of Emerson Electric during the first quarter valued at approximately $34,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $35,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $39,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $108.58 on Friday. The company’s fifty day moving average is $109.98 and its 200-day moving average is $98.77. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The firm has a market cap of $61.98 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. Equities analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Citigroup upped their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. KeyCorp upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Barclays upped their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.25.

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.