BXM Wealth LLC Acquires New Position in Emerson Electric Co. (NYSE:EMR)

BXM Wealth LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,700 shares of the industrial products company's stock, valued at approximately $335,000.

Several other large investors have also added to or reduced their stakes in the stock. Creative Planning increased its holdings in Emerson Electric by 1.5% during the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company's stock worth $20,201,000 after acquiring an additional 2,768 shares during the period. Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. B.O.S.S. Retirement Advisors LLC raised its position in shares of Emerson Electric by 3.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company's stock worth $1,085,000 after buying an additional 371 shares in the last quarter. Buffington Mohr McNeal purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $221,000. Finally, Teamwork Financial Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter worth about $3,275,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.2 %

Shares of NYSE:EMR traded down $1.50 during trading on Wednesday, hitting $123.51. The stock had a trading volume of 593,950 shares, compared to its average volume of 2,876,909. 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 Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market capitalization of $69.65 billion, a PE ratio of 29.46, a PEG ratio of 2.46 and a beta of 1.34. 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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 1.71%. The ex-dividend date is Friday, February 14th. Emerson Electric's dividend payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EMR shares. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Finally, Barclays upped their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. One research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.90.

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.