Miller Financial Services LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,161 shares of the industrial products company's stock, valued at approximately $640,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Swedbank AB lifted its holdings in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. Howard Capital Management Group LLC raised its position in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 180 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at approximately $25,000. CWA Asset Management Group LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $437,000. Finally, Assetmark Inc. grew its stake in shares of Emerson Electric by 16.5% during the 3rd quarter. Assetmark Inc. now owns 7,759 shares of the industrial products company's stock worth $849,000 after purchasing an additional 1,097 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 target price on the stock. Barclays cut Emerson Electric from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $135.00 to $110.00 in a report on Monday. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $136.28.
Check Out Our Latest Stock Report on Emerson Electric
Emerson Electric Trading Down 1.5 %
Emerson Electric stock traded down $1.67 during trading on Thursday, reaching $109.17. 2,256,832 shares of the company were exchanged, compared to its average volume of 2,950,390. 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 stock's 50 day simple moving average is $122.60 and its two-hundred day simple moving average is $118.70. The company has a market capitalization of $61.56 billion, a P/E ratio of 26.05, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results 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 net margin of 13.74% and a return on equity of 12.08%. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.
Emerson Electric Profile
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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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