AssuredPartners Investment Advisors LLC bought a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,914 shares of the industrial products company's stock, valued at approximately $361,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Wilmington Savings Fund Society FSB boosted its stake in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Stokes Family Office LLC increased its position in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. raised its stake in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after purchasing an additional 6,321 shares in the last quarter. Finally, Howland Capital Management LLC grew its stake in Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after buying an additional 3,054 shares in the last quarter. Institutional investors own 74.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Wells Fargo & Company upped their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. 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 MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $135.94.
Check Out Our Latest Research Report on EMR
Emerson Electric Trading Up 1.0 %
Shares of Emerson Electric stock traded up $1.15 during midday trading on Wednesday, reaching $111.15. 602,755 shares of the company's stock traded hands, compared to its average volume of 2,808,607. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a 50 day moving average of $120.06 and a 200-day moving average of $119.87. The company has a market cap of $62.68 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.
Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is 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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