Pettee Investors Inc. Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

Pettee Investors Inc. increased its holdings in Emerson Electric Co. (NYSE:EMR) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,108 shares of the industrial products company’s stock after buying an additional 275 shares during the period. Pettee Investors Inc.’s holdings in Emerson Electric were worth $1,501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter valued at about $25,000. Stephens Consulting LLC purchased a new position 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 4th quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the 3rd quarter valued at about $29,000. Finally, YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter valued at about $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Emerson Electric Stock Up 2.0 %

EMR opened at $118.66 on Friday. The firm has a 50 day moving average price of $123.64 and a 200 day moving average price of $118.63. The company has a market cap of $66.91 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. 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 quick ratio of 1.17 and a current ratio of 1.54.

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, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 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.