Syverson Strege & Co Acquires 173 Shares of Emerson Electric Co. (NYSE:EMR)

Syverson Strege & Co increased its stake in Emerson Electric Co. (NYSE:EMR) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,686 shares of the industrial products company’s stock after purchasing an additional 173 shares during the period. Syverson Strege & Co’s holdings in Emerson Electric were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several analysts have issued reports on EMR shares. 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 note on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Trading Up 2.1 %

Shares of NYSE:EMR opened at $115.44 on Tuesday. The company has a market capitalization of $65.09 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.49 and a beta of 1.36. 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’s 50 day simple moving average is $121.53 and its 200 day simple moving average is $119.38. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.83%. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.