Catalyst Capital Advisors LLC Buys 330 Shares of Emerson Electric Co. (NYSE:EMR)

Catalyst Capital Advisors LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 83.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 726 shares of the industrial products company’s stock after buying an additional 330 shares during the period. Catalyst Capital Advisors LLC’s holdings in Emerson Electric were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. JFS Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 4.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,473 shares of the industrial products company’s stock valued at $306,000 after buying an additional 109 shares during the period. Monument Capital Management bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $218,000. MN Wealth Advisors LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $216,000. Strategic Financial Concepts LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $2,169,000. Finally, Allworth Financial LP boosted its stake in shares of Emerson Electric by 11.7% in the fourth quarter. Allworth Financial LP now owns 20,280 shares of the industrial products company’s stock valued at $2,635,000 after buying an additional 2,127 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $125.00 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $125.59 and a 200 day simple moving average of $117.18. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a market capitalization of $70.49 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 expect that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric 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.