Callahan Advisors LLC Makes New $521,000 Investment in Emerson Electric Co. (NYSE:EMR)

Callahan Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,200 shares of the industrial products company's stock, valued at approximately $521,000.

Several other large investors have also made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Stephens Consulting LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 2.3 %

Shares of NYSE EMR traded down $2.87 during trading on Friday, hitting $121.88. 2,334,273 shares of the company traded hands, compared to its average volume of 2,856,196. The business's fifty day moving average is $125.25 and its 200 day moving average is $117.40. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share 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. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of analysts have weighed in on EMR shares. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.