Guardian Partners Inc. bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 130,801 shares of the industrial products company's stock, valued at approximately $15,735,000. Emerson Electric comprises 1.6% of Guardian Partners Inc.'s holdings, making the stock its 16th largest holding.
Several other hedge funds also recently made changes to their positions in the company. GDS Wealth Management increased its stake in Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares during the last quarter. Mcdonald Partners LLC raised its stake in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after acquiring an additional 81 shares during the period. Berkshire Bank lifted its holdings in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC grew its holdings in shares of Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.
Emerson Electric Price Performance
Emerson Electric stock traded down $0.16 during mid-day trading on Tuesday, hitting $115.21. The company's stock had a trading volume of 1,650,993 shares, compared to its average volume of 2,660,965. The stock has a market capitalization of $64.97 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock's fifty day moving average price is $121.53 and its two-hundred day moving average price is $119.38. 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 (NYSE:EMR - Get Free Report) last announced its earnings results 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%. Research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current 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 issued a dividend of $0.5275 per share. 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 1.83%. Emerson Electric's dividend payout ratio is currently 50.36%.
Analyst Ratings Changes
EMR has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. KeyCorp lifted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $136.22.
Get Our Latest Stock Analysis on Emerson Electric
Emerson Electric Profile
(
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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