Emerson Electric Co. (NYSE:EMR) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,790 shares of the industrial products company’s stock after purchasing an additional 3,096 shares during the period. Private Advisor Group LLC’s holdings in Emerson Electric were worth $8,649,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at $25,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the fourth quarter valued at $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $121.88 on Friday. The firm has a market capitalization of $68.73 billion, a PE ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business has a 50-day moving average of $125.08 and a two-hundred day moving average of $117.51. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.