Dnca Finance bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the industrial products company's stock, valued at approximately $1,239,000.
Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the 4th quarter valued at about $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EMR has been the topic of several analyst reports. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company 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 report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.
View Our Latest Stock Analysis on EMR
Emerson Electric Price Performance
Shares of EMR stock opened at $99.55 on Friday. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The stock has a fifty day simple moving average of $111.55 and a two-hundred day simple moving average of $118.95.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.
About Emerson Electric
(
Free Report)
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.
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