Creekmur Asset Management LLC Purchases 984 Shares of Emerson Electric Co. (NYSE:EMR)

Creekmur Asset Management LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,392 shares of the industrial products company’s stock after purchasing an additional 984 shares during the quarter. Creekmur Asset Management LLC’s holdings in Emerson Electric were worth $1,660,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Howard Capital Management Group LLC raised its stake 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 purchasing an additional 180 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Emerson Electric by 13.1% during the third quarter. Public Sector Pension Investment Board now owns 24,977 shares of the industrial products company’s stock worth $2,732,000 after purchasing an additional 2,900 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Emerson Electric by 256.5% in the third quarter. Benjamin Edwards Inc. now owns 43,072 shares of the industrial products company’s stock valued at $4,712,000 after buying an additional 30,991 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in Emerson Electric by 5.2% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 6,020 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 300 shares during the last quarter. Finally, Centiva Capital LP increased its position in Emerson Electric by 15.1% in the 3rd quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 506 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 0.3 %

Shares of NYSE:EMR opened at $109.94 on Wednesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The business’s 50 day simple moving average is $120.06 and its two-hundred day simple moving average is $119.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $62.00 billion, a P/E ratio of 26.24, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts forecast 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 was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on EMR shares. Citigroup initiated coverage on shares of Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 price target on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

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.