Shoker Investment Counsel Inc. Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Shoker Investment Counsel Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,641 shares of the industrial products company’s stock after acquiring an additional 236 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in Emerson Electric were worth $2,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Peloton Wealth Strategists boosted its position in Emerson Electric by 0.4% during the 4th quarter. Peloton Wealth Strategists now owns 35,460 shares of the industrial products company’s stock valued at $4,395,000 after acquiring an additional 130 shares in the last quarter. CORDA Investment Management LLC. purchased a new stake in shares of Emerson Electric during the 4th quarter worth $1,079,000. Linscomb Wealth Inc. boosted its position in Emerson Electric by 1.0% during the fourth quarter. Linscomb Wealth Inc. now owns 35,358 shares of the industrial products company’s stock valued at $4,382,000 after purchasing an additional 339 shares in the last quarter. QRG Capital Management Inc. grew its stake in Emerson Electric by 1.2% in the fourth quarter. QRG Capital Management Inc. now owns 159,407 shares of the industrial products company’s stock valued at $19,755,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Emerson Electric in the fourth quarter worth about $36,113,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $120.03 on Friday. The stock has a market cap of $67.68 billion, a price-to-earnings ratio of 28.65, a PEG 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 50 day simple moving average of $124.62 and a two-hundred day simple moving average of $117.95. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

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%. As a group, analysts predict 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 will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price target on shares of 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 upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Finally, Barclays increased their price target on 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 assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

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.