Howe & Rusling Inc. Has $519,000 Stake in Emerson Electric Co. (NYSE:EMR)

Howe & Rusling Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,188 shares of the industrial products company’s stock after acquiring an additional 823 shares during the quarter. Howe & Rusling Inc.’s holdings in Emerson Electric were worth $519,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after acquiring an additional 384,313 shares during the period. State Street Corp increased its stake in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP lifted its position in shares of Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the last quarter. Geode Capital Management LLC boosted its stake in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the period. Finally, Nordea Investment Management AB increased its position in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after buying an additional 375,470 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.3 %

Shares of EMR opened at $112.09 on Friday. The business’s 50 day simple moving average is $121.08 and its 200-day simple moving average is $119.41. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a market capitalization of $63.20 billion, a P/E ratio of 26.75, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EMR shares. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Citigroup initiated coverage on Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 price target for the company. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.