Allworth Financial LP Has $2.64 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Allworth Financial LP increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,280 shares of the industrial products company's stock after purchasing an additional 2,127 shares during the period. Allworth Financial LP's holdings in Emerson Electric were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in Emerson Electric by 5.0% during the 4th quarter. Principal Securities Inc. now owns 7,888 shares of the industrial products company's stock worth $978,000 after purchasing an additional 378 shares during the last quarter. Quantum Private Wealth LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $211,000. Little House Capital LLC raised its holdings in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after acquiring an additional 89 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its holdings in Emerson Electric by 1.0% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 11,844 shares of the industrial products company's stock valued at $1,468,000 after acquiring an additional 114 shares in the last quarter. Finally, Vivid Wealth Management LLC raised its holdings in Emerson Electric by 1.3% in the 4th quarter. Vivid Wealth Management LLC now owns 19,329 shares of the industrial products company's stock valued at $2,395,000 after acquiring an additional 249 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.90.

Emerson Electric Trading Down 2.3 %

EMR traded down $2.87 during midday trading on Friday, hitting $121.88. 2,334,273 shares of the company were exchanged, compared to its average volume of 2,856,196. The firm has a market capitalization of $68.73 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm's 50 day moving average price is $125.08 and its 200-day moving average price is $117.51. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results 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, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.

Emerson Electric 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.