Corient Private Wealth LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Corient Private Wealth LLC lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 963,780 shares of the industrial products company's stock after purchasing an additional 5,224 shares during the quarter. Corient Private Wealth LLC owned about 0.17% of Emerson Electric worth $119,441,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EMR. Stephens Consulting LLC bought a new stake in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the 4th quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $29,000. YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter valued at about $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.6 %

NYSE:EMR traded down $0.66 during midday trading on Thursday, reaching $111.73. The company had a trading volume of 3,573,695 shares, compared to its average volume of 2,630,483. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.49 and a beta of 1.36. The stock's fifty day simple moving average is $121.86 and its 200-day simple moving average is $119.02. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Remove Ads

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

EMR has been the topic of several research analyst reports. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price target on the stock. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut 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 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.22.

Emerson Electric 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.