Foster Victor Wealth Advisors LLC Takes $470,000 Position in Emerson Electric Co. (EMR)

Foster Victor Wealth Advisors LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,870 shares of the industrial products company’s stock, valued at approximately $470,000.

Other large investors have also recently modified their holdings of the company. Moody National Bank Trust Division purchased a new position in Emerson Electric during the fourth quarter valued at $27,000. Csenge Advisory Group acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Norway Savings Bank grew its holdings in Emerson Electric by 60.1% during the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $36,000. Institutional investors own 72.63% of the company’s stock.

NYSE EMR traded up $0.20 during trading on Friday, hitting $72.51. The company’s stock had a trading volume of 3,219,574 shares, compared to its average volume of 2,342,672. The company has a market cap of $44.57 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.27 and a beta of 1.24. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. Emerson Electric’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Sell-side analysts expect that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, February 5th. Credit Suisse Group upped their target price on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Morgan Stanley set a $77.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Finally, Royal Bank of Canada downgraded shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $68.00 to $61.00 in a research report on Thursday, January 3rd. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.61.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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