Natural Investments LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,998 shares of the industrial products company’s stock, valued at approximately $247,000.
Other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth approximately $29,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.28.
Emerson Electric Stock Up 0.1 %
NYSE EMR opened at $110.87 on Thursday. The business has a fifty day moving average price of $122.86 and a two-hundred day moving average price of $118.77. 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 Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market capitalization of $62.52 billion, a PE ratio of 26.46, a PEG ratio of 2.49 and a beta of 1.36.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results 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 return on equity of 12.08% and a net margin of 13.74%. Equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The firm also recently announced 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 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio 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.
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