Impact Capital Partners LLC Buys Shares of 1,682 Emerson Electric Co. (NYSE:EMR)

Impact Capital Partners LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,682 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tillman Hartley LLC bought a new stake in Emerson Electric during the 4th quarter valued at $251,000. Tredje AP fonden raised its stake in Emerson Electric by 8.0% during the 4th quarter. Tredje AP fonden now owns 231,106 shares of the industrial products company’s stock valued at $28,641,000 after acquiring an additional 17,178 shares in the last quarter. Vestcor Inc raised its stake in Emerson Electric by 35.9% during the 4th quarter. Vestcor Inc now owns 15,080 shares of the industrial products company’s stock valued at $1,869,000 after acquiring an additional 3,981 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Emerson Electric by 4.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 92,021 shares of the industrial products company’s stock worth $11,404,000 after buying an additional 4,298 shares in the last quarter. Finally, Essential Planning LLC. bought a new stake in shares of Emerson Electric in the 4th quarter worth $1,645,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on EMR shares. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.28.

Get Our Latest Report on EMR

Emerson Electric Stock Performance

Shares of EMR stock opened at $112.11 on Friday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $63.22 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The stock’s fifty day simple moving average is $122.37 and its 200-day simple moving average is $118.75.

Emerson Electric (NYSE:EMRGet Free Report) last issued its earnings results 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 return on equity of 12.08% and a net margin of 13.74%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Emerson Electric Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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