Concurrent Investment Advisors LLC Buys 6,101 Shares of Emerson Electric Co. (NYSE:EMR)

Concurrent Investment Advisors LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,014 shares of the industrial products company's stock after acquiring an additional 6,101 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Emerson Electric were worth $5,950,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. Finally, Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $136.90.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $2.87 during midday trading on Friday, reaching $121.88. 2,334,273 shares of the company traded hands, compared to its average volume of 2,856,196. The firm's fifty day moving average price is $125.25 and its two-hundred day moving average price is $117.40. The firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric's dividend payout ratio (DPR) 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.