Emerson Electric Co. (NYSE:EMR) Shares Bought by Claris Advisors LLC MO

Claris Advisors LLC MO increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 110.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,948 shares of the industrial products company's stock after purchasing an additional 3,128 shares during the quarter. Claris Advisors LLC MO's holdings in Emerson Electric were worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter valued at approximately $25,000. YANKCOM Partnership purchased a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $136.28.

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Emerson Electric Stock Performance

Shares of EMR traded down $1.67 during mid-day trading on Thursday, reaching $109.17. 2,256,832 shares of the company's stock traded hands, compared to its average volume of 2,950,390. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a market capitalization of $61.56 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business's 50-day moving average price is $122.60 and its 200-day moving average price is $118.70. 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 released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.

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.