MSH Capital Advisors LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,489 shares of the industrial products company's stock, valued at approximately $2,663,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its position in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after buying an additional 30,741 shares in the last quarter. Stokes Family Office LLC boosted its stake in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after purchasing an additional 6,321 shares in the last quarter. World Investment Advisors lifted its stake in shares of Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after buying an additional 6,079 shares during the period. Finally, Howland Capital Management LLC raised its stake in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after acquiring an additional 3,054 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on EMR. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup lowered their target price on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.
Get Our Latest Stock Report on Emerson Electric
Emerson Electric Price Performance
EMR traded up $0.88 during trading on Friday, reaching $99.55. The company's stock had a trading volume of 2,878,399 shares, compared to its average volume of 2,917,735. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $111.55 and a two-hundred day simple moving average of $118.95. The company has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.
About Emerson Electric
(
Free Report)
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.
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