Allstate Corp Purchases Shares of 16,932 Emerson Electric Co. (NYSE:EMR)

Allstate Corp bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 16,932 shares of the industrial products company’s stock, valued at approximately $2,098,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the 4th quarter worth about $28,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric in the fourth quarter valued at about $35,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Stock Down 3.1 %

EMR stock opened at $108.56 on Friday. The business has a 50-day moving average of $120.75 and a 200-day moving average of $119.61. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market capitalization of $61.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. 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 released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend 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.