2,765 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,765 shares of the industrial products company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter worth about $25,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the third quarter worth approximately $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays downgraded shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $135.00 to $110.00 in a research note on Monday. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 target price for the company. Finally, Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $136.28.

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Emerson Electric Stock Down 1.1 %

EMR opened at $110.62 on Wednesday. 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 business's fifty day simple moving average is $123.12 and its 200 day simple moving average is $118.82. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The stock has a market cap of $62.38 billion, a PE ratio of 26.40, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.91%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

Emerson Electric Company Profile

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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