Laidlaw Wealth Management LLC purchased a new stake 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 purchased 3,613 shares of the industrial products company's stock, valued at approximately $448,000.
A number of other large investors have also recently made changes to their positions in EMR. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter valued at approximately $25,000. YANKCOM Partnership bought a new position in Emerson Electric in the fourth quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth $29,000. 74.30% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
EMR has been the subject of several analyst reports. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $136.90.
Get Our Latest Report on EMR
Emerson Electric Price Performance
Shares of EMR stock traded down $2.87 on Friday, reaching $121.88. The company's stock had a trading volume of 2,334,273 shares, compared to its average volume of 2,856,196. The company has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The stock's fifty day simple moving average is $125.08 and its 200-day simple moving average is $117.51. 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 Co. has a 1 year low of $96.62 and a 1 year high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.
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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