Sagespring Wealth Partners LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Sagespring Wealth Partners LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,215 shares of the industrial products company's stock, valued at approximately $770,000.

A number of other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC boosted its stake in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock worth $205,000 after buying an additional 180 shares during the last quarter. Morse Asset Management Inc bought a new position in Emerson Electric during the third quarter worth about $123,000. Tudor Financial Inc. bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $355,000. Anchor Investment Management LLC increased its holdings in Emerson Electric by 4.4% in the 3rd quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company's stock valued at $3,350,000 after buying an additional 1,297 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in shares of Emerson Electric by 20.7% in the 3rd quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company's stock valued at $1,613,000 after purchasing an additional 2,532 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.9 %

Shares of EMR traded up $0.88 during trading hours on Friday, hitting $99.55. The company had a trading volume of 2,878,399 shares, compared to its average volume of 2,917,735. The firm has a market cap of $56.14 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The stock's 50 day moving average price is $111.55 and its 200 day moving average price is $118.95. 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 announced its 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%. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. KeyCorp lowered their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup decreased 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 report on Monday, April 14th. Finally, Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus 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.