Petros Family Wealth LLC Takes $1.08 Million Position in Emerson Electric Co. (NYSE:EMR)

Petros Family Wealth LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,697 shares of the industrial products company's stock, valued at approximately $1,078,000. Emerson Electric accounts for approximately 1.2% of Petros Family Wealth LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds have also modified their holdings of EMR. GDS Wealth Management increased its position in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after buying an additional 79 shares during the last quarter. Mcdonald Partners LLC grew its stake in shares of Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after acquiring an additional 81 shares during the period. Berkshire Bank increased its holdings in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC lifted its holdings in Emerson Electric by 0.5% during 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 purchasing an additional 89 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in shares of Emerson Electric by 5.4% in the fourth 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 owned by institutional investors and hedge funds.

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Emerson Electric Trading Down 0.6 %

Shares of NYSE EMR traded down $0.58 during midday trading on Tuesday, reaching $100.46. The company had a trading volume of 2,972,251 shares, compared to its average volume of 2,910,001. The firm's fifty day moving average price is $113.69 and its 200-day moving average price is $119.36. 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 Co. has a one year low of $90.06 and a one year high of $134.85. The stock has a market cap of $56.65 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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 anticipate that Emerson Electric Co. will post 5.96 earnings per share 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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. KeyCorp reduced their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their price objective on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Company Profile

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.