Flagship Wealth Advisors LLC Buys New Holdings in Emerson Electric Co. (NYSE:EMR)

Flagship Wealth Advisors LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,500 shares of the industrial products company's stock, valued at approximately $310,000.

Several other institutional investors have also added to or reduced their stakes in the business. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter worth $29,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $1.12 during 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 2,658,330. The company has a 50-day moving average of $121.69 and a 200-day moving average of $118.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market cap of $63.67 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

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Emerson Electric (NYSE:EMR - Get Free Report) last posted 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%. On average, sell-side 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 announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $136.22.

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.