Murphy & Mullick Capital Management Corp Invests $28,000 in Emerson Electric Co. (NYSE:EMR)

Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 228 shares of the industrial products company’s stock, valued at approximately $28,000.

A number of other large investors also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its position in Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the period. Townsquare Capital LLC boosted its stake in shares of Emerson Electric by 4.9% in the third quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock valued at $1,296,000 after buying an additional 553 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Emerson Electric by 121.8% during the third quarter. CreativeOne Wealth LLC now owns 5,065 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 2,781 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Emerson Electric by 3.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock worth $385,354,000 after acquiring an additional 132,186 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Emerson Electric by 13.1% in the third quarter. Public Sector Pension Investment Board now owns 24,977 shares of the industrial products company’s stock valued at $2,732,000 after acquiring an additional 2,900 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EMR shares. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Morgan Stanley lifted 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. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Citigroup initiated coverage on Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 price target for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Trading Down 3.1 %

Shares of Emerson Electric stock opened at $108.56 on Friday. The firm has a market cap of $61.22 billion, a PE ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The business’s fifty day moving average is $120.75 and its two-hundred day moving average is $119.47.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was 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.