IFP Advisors Inc Buys 5,350 Shares of Emerson Electric Co. (NYSE:EMR)

IFP Advisors Inc boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 92.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,146 shares of the industrial products company’s stock after purchasing an additional 5,350 shares during the quarter. IFP Advisors Inc’s holdings in Emerson Electric were worth $1,381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the fourth quarter worth about $30,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.0 %

Shares of Emerson Electric stock opened at $119.72 on Thursday. The stock has a market capitalization of $67.51 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $124.67 and a 200 day simple moving average of $117.94.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Research 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 declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.76%. Emerson Electric’s dividend payout ratio is 50.36%.

Analysts Set New Price Targets

Several research analysts have commented on EMR shares. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. 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 report on Monday, December 9th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Barclays increased their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average 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.