StoneX Group Inc. Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

StoneX Group Inc. lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,927 shares of the industrial products company's stock after buying an additional 6,264 shares during the period. StoneX Group Inc.'s holdings in Emerson Electric were worth $4,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Stephens Consulting LLC bought a new stake in Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the 4th quarter worth approximately $35,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EMR shares. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. Morgan Stanley lifted their target price 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. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $135.94.

Remove Ads

Emerson Electric Stock Down 7.3 %

EMR traded down $7.42 during trading on Friday, hitting $94.47. 5,816,489 shares of the company's stock traded hands, compared to its average volume of 2,844,630. The stock has a market capitalization of $53.27 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.28. The company's 50 day simple moving average is $118.39 and its two-hundred day simple moving average is $119.74. Emerson Electric Co. has a 12-month low of $92.23 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.

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, 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%. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.23%. 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.