Knights of Columbus Asset Advisors LLC Purchases 1,271 Shares of Emerson Electric Co. (NYSE:EMR)

Knights of Columbus Asset Advisors LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,395 shares of the industrial products company’s stock after acquiring an additional 1,271 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Emerson Electric were worth $5,874,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EMR. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter worth $29,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the fourth quarter valued at $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $112.92 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve 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 $121.60 and a two-hundred day simple moving average of $119.02. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, 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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Finally, Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

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.