Consolidated Portfolio Review Corp Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Consolidated Portfolio Review Corp grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 186.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,799 shares of the industrial products company’s stock after acquiring an additional 3,775 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Emerson Electric were worth $719,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter valued at approximately $25,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric in the 4th quarter worth $30,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter worth $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, KeyCorp lifted 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Down 2.4 %

EMR opened at $124.37 on Friday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $126.68 and a two-hundred day simple moving average of $116.74. The company has a market capitalization of $70.83 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. Analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

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.