Stokes Family Office LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 94.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,206 shares of the industrial products company's stock after buying an additional 4,480 shares during the quarter. Stokes Family Office LLC's holdings in Emerson Electric were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $29,000. YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter worth about $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric during the 4th quarter worth about $35,000. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Performance
Shares of EMR traded up $1.12 during mid-day trading on Friday, hitting $112.92. The company's stock had a trading volume of 9,228,719 shares, compared to its average volume of 2,660,857. The firm has a market capitalization of $63.67 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The stock's 50-day moving average is $121.60 and its two-hundred day moving average is $119.14. 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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Barclays cut Emerson Electric from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Two 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $136.22.
Get Our Latest Analysis on EMR
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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