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:EMR) 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.

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:EMR) 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

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.