Farringdon Capital Ltd. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,927 shares of the industrial products company's stock, valued at approximately $858,000.
Several other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 180 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Emerson Electric in the third quarter worth $123,000. Tudor Financial Inc. bought a new position in shares of Emerson Electric during the 3rd quarter worth about $355,000. Anchor Investment Management LLC grew its holdings in shares of Emerson Electric by 4.4% during the 3rd quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company's stock worth $3,350,000 after purchasing an additional 1,297 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Emerson Electric by 20.7% during the 3rd quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company's stock worth $1,613,000 after acquiring an additional 2,532 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Barclays lowered their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup decreased their price objective on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two equities 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. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.
Read Our Latest Stock Analysis on Emerson Electric
Emerson Electric Stock Performance
Emerson Electric stock traded up $3.29 during mid-day trading on Tuesday, reaching $99.71. 645,935 shares of the stock traded hands, compared to its average volume of 3,126,717. The business's 50-day moving average is $110.99 and its 200-day moving average is $118.97. 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 stock has a market capitalization of $56.22 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently declared 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 2.12%. Emerson Electric's dividend payout ratio is currently 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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