Thoroughbred Financial Services LLC Grows Stake in Emerson Electric Co. (NYSE:EMR)

Thoroughbred Financial Services LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,566 shares of the industrial products company’s stock after buying an additional 172 shares during the period. Thoroughbred Financial Services LLC’s holdings in Emerson Electric were worth $1,433,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GDS Wealth Management increased its position in shares of Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC grew its holdings in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after buying an additional 81 shares in the last quarter. Berkshire Bank lifted its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after buying an additional 89 shares in the last quarter. Little House Capital LLC boosted its position in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after acquiring an additional 89 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 7.3 %

Shares of NYSE:EMR opened at $94.47 on Friday. The firm’s 50-day moving average is $118.39 and its two-hundred day moving average is $119.63. 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 1 year low of $92.23 and a 1 year high of $134.85. The firm has a market capitalization of $53.27 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its 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 net margin of 13.74% and a return on equity of 12.08%. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.23%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EMR shares. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Barclays cut their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Company 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.