Legacy Financial Advisors Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,530 shares of the industrial products company's stock, valued at approximately $314,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 74.30% of the company's stock.
Wall Street Analysts Forecast Growth
EMR has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday. Citigroup lowered their price objective on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada restated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.
Read Our Latest Stock Report on EMR
Emerson Electric Price Performance
Shares of NYSE:EMR traded down $0.58 during trading on Tuesday, hitting $100.46. 2,972,251 shares of the company's stock were exchanged, compared to its average volume of 2,910,001. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.49 and a beta of 1.28. The business's 50-day simple moving average is $113.69 and its 200 day simple moving average is $119.36. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results 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, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.10%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.
Emerson Electric Profile
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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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