Cozad Asset Management Inc. Buys 300 Shares of Emerson Electric Co. (NYSE:EMR)

Cozad Asset Management Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,543 shares of the industrial products company’s stock after buying an additional 300 shares during the quarter. Cozad Asset Management Inc.’s holdings in Emerson Electric were worth $439,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EMR. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $27,000. YANKCOM Partnership bought a new position in Emerson Electric in the 4th quarter valued at $30,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the 3rd quarter valued at $29,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the 4th quarter valued at $35,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Performance

NYSE:EMR opened at $111.77 on Wednesday. The business’s 50-day moving average price is $122.03 and its two-hundred day moving average price is $119.07. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market cap of $63.02 billion, a P/E ratio of 26.67, a PEG ratio of 2.49 and a beta of 1.36. 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 (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric’s payout ratio is currently 50.36%.

About Emerson Electric

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.