Adell Harriman & Carpenter Inc. Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Adell Harriman & Carpenter Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,664 shares of the industrial products company's stock after buying an additional 5,544 shares during the period. Emerson Electric makes up approximately 1.0% of Adell Harriman & Carpenter Inc.'s holdings, making the stock its 25th largest position. Adell Harriman & Carpenter Inc.'s holdings in Emerson Electric were worth $14,458,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. GDS Wealth Management increased its holdings in shares of Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after purchasing an additional 79 shares during the period. Berkshire Bank grew its stake in Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares during the last quarter. Grove Bank & Trust grew its position in Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares during the last quarter. Silver Lake Advisory LLC increased its holdings in Emerson Electric by 0.4% during the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company's stock valued at $3,005,000 after purchasing an additional 90 shares in the last quarter. Finally, Sargent Investment Group LLC grew its holdings in shares of Emerson Electric by 0.5% during the fourth quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company's stock worth $2,012,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective on the stock. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 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 stock an "underweight" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $136.90.

Emerson Electric Stock Down 0.4 %

Shares of NYSE:EMR traded down $0.54 during trading on Wednesday, hitting $124.47. The stock had a trading volume of 1,781,195 shares, compared to its average volume of 2,916,796. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market capitalization of $70.19 billion, a PE ratio of 29.71, a PEG ratio of 2.46 and a beta of 1.34. 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's fifty day moving average is $125.51 and its 200 day moving average is $117.30.

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, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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 dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

About Emerson Electric

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.