MGO One Seven LLC Buys 20,196 Shares of Emerson Electric Co. (NYSE:EMR)

MGO One Seven LLC boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 83.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,412 shares of the industrial products company's stock after purchasing an additional 20,196 shares during the quarter. MGO One Seven LLC's holdings in Emerson Electric were worth $5,504,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday. Citigroup decreased their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.

Emerson Electric Trading Up 3.6 %

NYSE EMR opened at $99.88 on Wednesday. Emerson Electric Co. has a 12 month low of $90.06 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. The firm has a market capitalization of $56.32 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The business's 50-day moving average price is $110.48 and its two-hundred day moving average price is $118.84.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 yield of 2.11%. Emerson Electric's payout ratio is currently 50.36%.

About Emerson Electric

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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