Sava Infond d.o.o. acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,640 shares of the industrial products company's stock, valued at approximately $1,195,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric during the 4th quarter worth $35,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Down 0.1 %
Shares of Emerson Electric stock traded down $0.14 on Monday, hitting $108.50. 977,210 shares of the company traded hands, compared to its average volume of 2,984,303. 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 12-month low of $96.62 and a 12-month high of $134.85. The company has a 50-day moving average price of $120.75 and a 200 day moving average price of $119.75. The company has a market cap of $61.18 billion, a PE ratio of 25.92, a PEG ratio of 2.49 and a beta of 1.36.
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 for the quarter, topping 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%. Sell-side analysts predict 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. 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 dividend on an annualized basis and a dividend yield of 1.94%. Emerson Electric's dividend payout ratio is currently 50.36%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on EMR. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective for the company. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 26th. Two 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.94.
Check Out Our Latest Report on EMR
About Emerson Electric
(
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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