IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,307 shares of the industrial products company's stock, valued at approximately $906,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. GDS Wealth Management grew its position in shares of Emerson Electric by 2.0% in 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 grew its holdings in Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank increased its position in Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares in the last quarter. Little House Capital LLC lifted its position in shares of Emerson Electric by 0.5% in 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 acquiring an additional 89 shares in the last quarter. Finally, Grove Bank & Trust increased its position in Emerson Electric by 5.4% during 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 in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Up 0.4 %
EMR stock traded up $0.46 during mid-day trading on Tuesday, hitting $110.10. 629,339 shares of the company were exchanged, compared to its average volume of 2,985,172. The firm has a fifty day simple moving average of $120.46 and a 200 day simple moving average of $119.81. The company has a market capitalization of $62.08 billion, a PE ratio of 26.28, a price-to-earnings-growth 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 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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The firm 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. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.92%. Emerson Electric's payout ratio is 50.36%.
Analyst Upgrades and Downgrades
EMR has been the subject of several analyst reports. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Barclays cut their target price on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $135.94.
Get Our Latest Stock Analysis on Emerson Electric
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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