Lake Street Advisors Group LLC Has $854,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Lake Street Advisors Group LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,895 shares of the industrial products company’s stock after acquiring an additional 196 shares during the period. Lake Street Advisors Group LLC’s holdings in Emerson Electric were worth $854,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter worth $25,000. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $29,000. Finally, YANKCOM Partnership bought a new position in shares of Emerson Electric in the fourth quarter worth about $30,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on EMR shares. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Down 0.0 %

EMR opened at $119.72 on Thursday. The firm has a market cap of $67.51 billion, a price-to-earnings ratio of 28.57, 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’s 50-day simple moving average is $124.67 and its 200-day simple moving average is $117.94. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

About Emerson Electric

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.