Mcdaniel Terry & Co. Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Mcdaniel Terry & Co. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 294,258 shares of the industrial products company's stock after acquiring an additional 13,391 shares during the period. Emerson Electric comprises approximately 3.0% of Mcdaniel Terry & Co.'s portfolio, making the stock its 13th biggest holding. Mcdaniel Terry & Co. owned about 0.05% of Emerson Electric worth $36,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter valued at approximately $25,000. Stephens Consulting LLC bought a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the third quarter worth approximately $29,000. Finally, YANKCOM Partnership bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $30,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.90.

Emerson Electric Stock Down 2.3 %

Emerson Electric stock traded down $2.87 on Friday, hitting $121.88. 2,334,273 shares of the stock traded hands, compared to its average volume of 2,856,196. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market cap of $68.73 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The business's fifty day simple moving average is $125.25 and its 200 day simple moving average is $117.40. Emerson Electric Co. has a 1 year low of $96.62 and a 1 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 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%. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.73%. Emerson Electric's payout ratio is 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.