Granite Investment Partners LLC Buys 245 Shares of Emerson Electric Co. (NYSE:EMR)

Granite Investment Partners LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,800 shares of the industrial products company’s stock after purchasing an additional 245 shares during the quarter. Granite Investment Partners LLC’s holdings in Emerson Electric were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Howard Capital Management Group LLC lifted its holdings in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the period. Morse Asset Management Inc bought a new stake in Emerson Electric during the third quarter worth $123,000. Tudor Financial Inc. acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $355,000. Anchor Investment Management LLC raised its holdings in shares of Emerson Electric by 4.4% during the 3rd quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock worth $3,350,000 after buying an additional 1,297 shares in the last quarter. Finally, World Investment Advisors LLC lifted its position in shares of Emerson Electric by 20.7% during the 3rd quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock worth $1,613,000 after buying an additional 2,532 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $100.33 on Monday. 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 market capitalization of $56.57 billion, a PE ratio of 23.94, a P/E/G ratio of 2.49 and a beta of 1.28. The firm has a fifty day simple moving average of $114.17 and a 200 day simple moving average of $119.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 return on equity of 12.08% and a net margin of 13.74%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric’s payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMR. KeyCorp dropped their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $132.39.

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.