Inspire Advisors LLC Invests $752,000 in Emerson Electric Co. (NYSE:EMR)

Inspire Advisors LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,066 shares of the industrial products company’s stock, valued at approximately $752,000.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Emerson Electric during the 4th quarter valued at about $297,947,000. State Street Corp lifted its stake in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after buying an additional 1,426,718 shares in the last quarter. Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its position in shares of Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after acquiring an additional 965,731 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $135.00 to $110.00 in a research report on Monday. JPMorgan Chase & Co. reduced 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. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Two equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric Price Performance

NYSE EMR opened at $110.62 on Wednesday. The stock has a market capitalization of $62.38 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a 50 day moving average price of $123.12 and a two-hundred day moving average price of $118.82. 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.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.91%. Emerson Electric’s 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.