Callan Family Office LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Callan Family Office LLC increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 147.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,549 shares of the industrial products company's stock after buying an additional 5,092 shares during the period. Callan Family Office LLC's holdings in Emerson Electric were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Candriam S.C.A. lifted its holdings in shares of Emerson Electric by 8.3% in the 4th quarter. Candriam S.C.A. now owns 1,130,641 shares of the industrial products company's stock worth $140,120,000 after purchasing an additional 86,474 shares in the last quarter. Ethos Financial Group LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth approximately $208,000. Inceptionr LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $529,000. Raymond James Financial Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at $297,947,000. Finally, Arizona State Retirement System boosted its holdings in Emerson Electric by 0.5% during the fourth quarter. Arizona State Retirement System now owns 164,798 shares of the industrial products company's stock worth $20,423,000 after purchasing an additional 763 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on EMR. Barclays downgraded Emerson Electric from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $135.00 to $110.00 in a research note on Monday. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $136.28.

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Emerson Electric Price Performance

NYSE:EMR traded down $7.51 during mid-day trading on Monday, reaching $111.10. The stock had a trading volume of 2,688,846 shares, compared to its average volume of 2,874,650. The stock has a market capitalization of $62.65 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50 day moving average price of $123.64 and a two-hundred day moving average price of $118.73. 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 Co. has a one year low of $96.62 and a one year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.90%. Emerson Electric's dividend payout ratio is currently 50.36%.

About Emerson Electric

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.