Atlas Legacy Advisors LLC Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

Atlas Legacy Advisors LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,429 shares of the industrial products company's stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Bank of Jackson Hole Trust bought a new stake in Emerson Electric during the 4th quarter valued at approximately $663,000. Callahan Advisors LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $521,000. Mcdonald Partners LLC increased its position in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after acquiring an additional 81 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Emerson Electric by 47.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 24,929 shares of the industrial products company's stock worth $3,089,000 after purchasing an additional 7,973 shares during the last quarter. Finally, Key Financial Inc grew its position in Emerson Electric by 31.3% in the 4th quarter. Key Financial Inc now owns 1,583 shares of the industrial products company's stock valued at $196,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $136.90.

Emerson Electric Stock Performance

NYSE EMR traded down $2.87 on Friday, reaching $121.88. The stock had a trading volume of 2,334,273 shares, compared to its average volume of 2,856,196. The stock has a market cap of $68.73 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The business's 50-day moving average price is $125.25 and its 200 day moving average price is $117.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric's payout ratio 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.