Wayfinding Financial LLC Purchases Shares of 6,526 Emerson Electric Co. (NYSE:EMR)

Wayfinding Financial LLC purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,526 shares of the industrial products company's stock, valued at approximately $808,000.

A number of other hedge funds also recently bought and sold shares of EMR. Swedbank AB lifted its position in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 180 shares during the period. Quest Partners LLC lifted its holdings in shares of Emerson Electric by 664.7% in the 3rd quarter. Quest Partners LLC now owns 3,357 shares of the industrial products company's stock worth $367,000 after acquiring an additional 2,918 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $117,000. Finally, Advisors Asset Management Inc. raised its position in Emerson Electric by 15.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 95,022 shares of the industrial products company's stock worth $10,393,000 after purchasing an additional 12,607 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.1 %

EMR stock traded down $0.16 during trading on Tuesday, reaching $115.21. 1,656,154 shares of the company traded hands, compared to its average volume of 2,665,885. The business has a 50 day simple moving average of $121.44 and a 200 day simple moving average of $119.50. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. 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 company has a market capitalization of $64.97 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Remove Ads

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.83%. Emerson Electric's payout ratio is 50.36%.

Analysts Set New Price Targets

EMR has been the topic of a number of analyst reports. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. Barclays downgraded Emerson Electric from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Two research 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. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $136.22.

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.