314 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by WealthTrak Capital Management LLC

WealthTrak Capital Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, Holdings Channel.com reports. The fund acquired 314 shares of the industrial products company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently modified their holdings of the stock. Stephens Consulting LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new position in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $108.56 on Friday. The firm has a market capitalization of $61.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a fifty day moving average of $120.75 and a 200-day moving average of $119.47. 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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio is 50.36%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp lifted 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. Barclays cut their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday. 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 report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $135.94.

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.