Broadway Wealth Solutions Inc. Takes $263,000 Position in Emerson Electric Co. (NYSE:EMR)

Broadway Wealth Solutions Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,121 shares of the industrial products company’s stock, valued at approximately $263,000.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EMR. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Price Performance

Shares of EMR opened at $112.09 on Friday. The business has a 50-day simple moving average of $121.08 and a two-hundred day simple moving average of $119.41. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The stock has a market cap of $63.20 billion, a PE ratio of 26.75, 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 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Emerson Electric Company 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.