Clayton Financial Group LLC Buys Shares of 4,469 Emerson Electric Co. $EMR

Clayton Financial Group LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,469 shares of the industrial products company’s stock, valued at approximately $586,000. Emerson Electric comprises about 0.4% of Clayton Financial Group LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Saudi Central Bank bought a new stake in Emerson Electric during the first quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth $29,000. Winnow Wealth LLC bought a new stake in shares of Emerson Electric during the 2nd quarter valued at $34,000. PFS Partners LLC increased its stake in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Finally, Traub Capital Management LLC bought a new position in Emerson Electric in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. The trade was a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

Emerson Electric Price Performance

EMR stock opened at $136.33 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88. The company’s fifty day moving average price is $132.96 and its 200-day moving average price is $133.85. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market capitalization of $76.66 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The company had revenue of $3.16 billion for the quarter. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric announced that its board has initiated a share buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 54.95%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EMR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Daiwa Capital Markets increased their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Barclays lifted their price target on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Royal Bank Of Canada reduced their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Wolfe Research raised their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.06.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.