Cannell & Spears LLC Buys 598 Shares of Emerson Electric Co. (NYSE:EMR)

Cannell & Spears LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,186 shares of the industrial products company’s stock after buying an additional 598 shares during the quarter. Cannell & Spears LLC’s holdings in Emerson Electric were worth $5,972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its stake in Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Stokes Family Office LLC boosted its stake in Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 4,480 shares during the period. GHP Investment Advisors Inc. grew its position in Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after buying an additional 6,321 shares in the last quarter. Finally, Howland Capital Management LLC raised its holdings in shares of Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after acquiring an additional 3,054 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.0 %

Shares of NYSE:EMR opened at $109.74 on Tuesday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. 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 stock’s 50-day moving average is $120.46 and its 200 day moving average is $119.81. The company has a market cap of $61.88 billion, a PE ratio of 26.19, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Citigroup started coverage on shares of Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

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.