Modern Wealth Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,782 shares of the industrial products company's stock, valued at approximately $479,000.
Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its position in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Stokes Family Office LLC increased its position in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after acquiring an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after acquiring an additional 6,321 shares during the period. Finally, Howland Capital Management LLC boosted its stake in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after purchasing an additional 3,054 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.
Wall Street Analysts Forecast Growth
EMR has been the topic of a number of research analyst reports. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. 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. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. KeyCorp boosted 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. Finally, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $135.94.
View Our Latest Stock Analysis on Emerson Electric
Emerson Electric Stock Performance
EMR stock traded down $0.05 during mid-day trading on Tuesday, reaching $109.59. 378,110 shares of the stock traded hands, compared to its average volume of 2,806,062. The firm has a market capitalization of $61.80 billion, a PE ratio of 26.11, a P/E/G ratio of 2.49 and a beta of 1.36. The business has a 50-day moving average of $120.46 and a two-hundred day moving average of $119.81. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. 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 released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.93%. Emerson Electric's payout ratio is 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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