Steward Partners Investment Advisory LLC Acquires 2,513 Shares of Emerson Electric Co. (NYSE:EMR)

Steward Partners Investment Advisory LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,397 shares of the industrial products company’s stock after acquiring an additional 2,513 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Emerson Electric were worth $10,831,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EMR. Schechter Investment Advisors LLC increased its holdings in Emerson Electric by 11.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 13,074 shares of the industrial products company’s stock worth $1,620,000 after purchasing an additional 1,381 shares in the last quarter. Meridian Wealth Management LLC boosted its position in shares of Emerson Electric by 0.8% during the fourth quarter. Meridian Wealth Management LLC now owns 34,594 shares of the industrial products company’s stock valued at $4,287,000 after buying an additional 288 shares during the last quarter. Grandfield & Dodd LLC grew its holdings in Emerson Electric by 18.8% during the fourth quarter. Grandfield & Dodd LLC now owns 15,155 shares of the industrial products company’s stock worth $1,878,000 after buying an additional 2,400 shares in the last quarter. Garrett Wealth Advisory Group LLC raised its position in Emerson Electric by 66.1% in the 4th quarter. Garrett Wealth Advisory Group LLC now owns 3,200 shares of the industrial products company’s stock valued at $397,000 after buying an additional 1,274 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in Emerson Electric by 16.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 8,511 shares of the industrial products company’s stock worth $1,088,000 after acquiring an additional 1,180 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.26.

Emerson Electric Trading Down 2.8 %

Shares of EMR stock opened at $113.87 on Wednesday. The stock has a market capitalization of $64.21 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.49 and a beta of 1.34. The company’s fifty day simple moving average is $124.19 and its two-hundred day simple moving average is $118.45. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) 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 return on equity of 12.08% and a net margin of 13.74%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric 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.