Callan Family Office LLC Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

Callan Family Office LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 147.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,549 shares of the industrial products company’s stock after acquiring an additional 5,092 shares during the quarter. Callan Family Office LLC’s holdings in Emerson Electric were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB increased its stake 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 worth $278,285,000 after buying an additional 1,424,800 shares during the period. Howard Capital Management Group LLC increased its position in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the period. M&G PLC raised its stake in shares of Emerson Electric by 39.6% during the third quarter. M&G PLC now owns 41,138 shares of the industrial products company’s stock valued at $4,484,000 after acquiring an additional 11,668 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Emerson Electric by 2.9% during the third quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after purchasing an additional 23,205 shares during the period. Finally, AIA Group Ltd grew its stake in shares of Emerson Electric by 37.1% in the third quarter. AIA Group Ltd now owns 2,670 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 723 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Finally, KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $118.66 on Friday. The business has a fifty day moving average price of $123.64 and a 200-day moving average price of $118.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $66.91 billion, a PE ratio of 28.32, a PEG 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.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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 expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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