Crowley Wealth Management Inc. Invests $110,000 in Emerson Electric Co. (NYSE:EMR)

Crowley Wealth Management Inc. bought a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, Holdings Channel.com reports. The firm bought 884 shares of the industrial products company’s stock, valued at approximately $110,000.

A number of other large investors have also added to or reduced their stakes in EMR. Wilmington Savings Fund Society FSB grew its stake in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the last quarter. Stokes Family Office LLC grew its position in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 4,480 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 5,393 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after buying an additional 6,321 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $112.92 on Monday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The firm has a 50 day moving average of $121.60 and a 200 day moving average of $119.27. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Loop Capital lifted 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, JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric 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.