Transcend Capital Advisors LLC Purchases 509 Shares of Emerson Electric Co. (NYSE:EMR)

Posted by Defense World Staff on Mar 31st, 2023

Transcend Capital Advisors LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,823 shares of the industrial products company’s stock after purchasing an additional 509 shares during the period. Transcend Capital Advisors LLC’s holdings in Emerson Electric were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Standard Family Office LLC bought a new stake in shares of Emerson Electric during the third quarter worth about $119,000. Brown Advisory Inc. boosted its holdings in Emerson Electric by 0.7% in the second quarter. Brown Advisory Inc. now owns 188,867 shares of the industrial products company’s stock valued at $15,023,000 after acquiring an additional 1,265 shares during the last quarter. LVW Advisors LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $244,000. Continental Investors Services Inc. bought a new stake in Emerson Electric in the third quarter valued at approximately $234,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter valued at approximately $284,000. 71.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on EMR shares. Royal Bank of Canada reduced their target price on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Morgan Stanley upgraded Emerson Electric from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $96.00 in a report on Tuesday, March 21st. TheStreet lowered Emerson Electric from a “b+” rating to a “c+” rating in a research note on Wednesday, February 8th. StockNews.com assumed coverage on Emerson Electric in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Argus lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.64.

Emerson Electric Trading Up 0.8 %

NYSE EMR opened at $85.59 on Friday. The firm has a market capitalization of $48.91 billion, a P/E ratio of 10.86, a PEG ratio of 2.39 and a beta of 1.39. The business has a fifty day simple moving average of $85.51 and a 200 day simple moving average of $87.68. Emerson Electric Co. has a 12 month low of $72.40 and a 12 month high of $100.00. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. On average, analysts predict that Emerson Electric Co. will post 4.07 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 16th. This represents a $2.08 dividend on an annualized basis and a yield of 2.43%. Emerson Electric’s dividend payout ratio (DPR) is presently 26.40%.

Emerson Electric Company Profile

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.