Polymer Capital Management US LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Polymer Capital Management US LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,400 shares of the industrial products company's stock, valued at approximately $2,404,000.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the fourth quarter worth about $28,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.6 %

Shares of Emerson Electric stock traded up $0.60 during mid-day trading on Friday, hitting $100.33. The stock had a trading volume of 3,621,137 shares, compared to its average volume of 2,899,380. The firm has a market cap of $56.57 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $114.17 and a two-hundred day moving average of $119.34. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.

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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 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%. Sell-side analysts forecast 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 $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.10%. Emerson Electric's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

EMR has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $132.39.

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.