Axxcess Wealth Management LLC Has $6.71 Million Position in Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,112 shares of the industrial products company's stock after purchasing an additional 3,698 shares during the quarter. Axxcess Wealth Management LLC's holdings in Emerson Electric were worth $6,706,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC boosted its position in shares of Emerson Electric by 1.4% in the third 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. Larson Financial Group LLC grew its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after acquiring an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares during the period. Finally, Howland Capital Management LLC raised its stake in Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

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Emerson Electric Trading Up 1.0 %

EMR traded up $1.12 during mid-day trading on Friday, reaching $112.92. The stock had a trading volume of 9,228,719 shares, compared to its average volume of 2,658,329. The stock has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week 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 firm's fifty day simple moving average is $121.69 and its two-hundred day simple moving average is $118.97.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly 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 net margin of 13.74% and a return on equity of 12.08%. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric's payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EMR. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Barclays downgraded shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $136.22.

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.