First Commonwealth Financial Corp PA Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

First Commonwealth Financial Corp PA grew its position in Emerson Electric Co. (NYSE:EMR) by 4.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,298 shares of the industrial products company’s stock after purchasing an additional 290 shares during the period. First Commonwealth Financial Corp PA’s holdings in Emerson Electric were worth $904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Stephens Consulting LLC purchased a new stake in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $131.67.

Emerson Electric Stock Performance

NYSE EMR opened at $98.74 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The stock has a 50-day moving average of $112.64 and a 200 day moving average of $119.09. The stock has a market capitalization of $55.68 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last announced its earnings results 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%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.14%. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.