Roxbury Financial LLC Purchases New Shares in Emerson Electric Co. (NYSE:EMR)

Roxbury Financial LLC purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,301 shares of the industrial products company's stock, valued at approximately $438,000.

A number of other hedge funds also recently made changes to their positions in EMR. WealthPlan Investment Management LLC lifted its stake in Emerson Electric by 1.9% during the fourth quarter. WealthPlan Investment Management LLC now owns 71,955 shares of the industrial products company's stock worth $8,917,000 after purchasing an additional 1,311 shares during the last quarter. BXM Wealth LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $335,000. Nations Financial Group Inc. IA ADV lifted its position in Emerson Electric by 4.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 34,951 shares of the industrial products company's stock worth $4,332,000 after buying an additional 1,418 shares during the last quarter. WealthPLAN Partners LLC lifted its holdings in shares of Emerson Electric by 2.5% in the 4th quarter. WealthPLAN Partners LLC now owns 33,916 shares of the industrial products company's stock worth $4,203,000 after acquiring an additional 824 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its position in Emerson Electric by 5.0% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 116,664 shares of the industrial products company's stock worth $14,458,000 after purchasing an additional 5,544 shares during the period. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EMR. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price on the stock. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Finally, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.90.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $0.54 on Wednesday, hitting $124.47. 1,781,195 shares of the company's stock were exchanged, compared to its average volume of 2,916,796. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a market capitalization of $70.19 billion, a PE ratio of 29.71, a PEG ratio of 2.46 and a beta of 1.34. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a 50-day simple moving average of $125.38 and a 200-day simple moving average of $117.35.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.

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.