Northstar Group Inc. Invests $207,000 in Emerson Electric Co. (NYSE:EMR)

Northstar Group Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,672 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $29,000. Finally, YANKCOM Partnership bought a new position in Emerson Electric during the fourth quarter valued at about $30,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMR. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Loop Capital raised 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. Barclays increased their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Finally, Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

Emerson Electric stock opened at $124.37 on Friday. The stock’s 50 day moving average is $126.68 and its 200 day moving average is $116.74. The company has a market capitalization of $70.83 billion, a P/E ratio of 36.37, a PEG ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, equities research analysts predict that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. Emerson Electric’s payout ratio is currently 61.70%.

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.