Emerson Electric Co. (NYSE:EMR) Shares Purchased by Meridian Wealth Management LLC

Meridian Wealth Management LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,594 shares of the industrial products company’s stock after acquiring an additional 288 shares during the period. Meridian Wealth Management LLC’s holdings in Emerson Electric were worth $4,287,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Grandfield & Dodd LLC increased its holdings in Emerson Electric by 18.8% in the fourth quarter. Grandfield & Dodd LLC now owns 15,155 shares of the industrial products company’s stock valued at $1,878,000 after buying an additional 2,400 shares during the last quarter. Garrett Wealth Advisory Group LLC boosted its position in shares of Emerson Electric by 66.1% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 3,200 shares of the industrial products company’s stock worth $397,000 after acquiring an additional 1,274 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Emerson Electric by 16.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 8,511 shares of the industrial products company’s stock valued at $1,088,000 after acquiring an additional 1,180 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $166,000. Finally, Alesco Advisors LLC lifted its stake in Emerson Electric by 9.1% during the fourth quarter. Alesco Advisors LLC now owns 2,619 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 219 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.4 %

Shares of Emerson Electric stock opened at $121.62 on Monday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a market cap of $68.58 billion, a P/E ratio of 29.03, a PEG ratio of 2.49 and a beta of 1.34. 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 fifty day moving average of $124.57 and a two-hundred day moving average of $118.28.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Company 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.