Laidlaw Wealth Management LLC Invests $448,000 in Emerson Electric Co. (NYSE:EMR)

Laidlaw Wealth Management LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,613 shares of the industrial products company’s stock, valued at approximately $448,000.

A number of other large investors have also modified their holdings of EMR. Plan Group Financial LLC grew its stake in shares of Emerson Electric by 5.0% in the 4th quarter. Plan Group Financial LLC now owns 3,048 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 145 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $549,000. Bank of Jackson Hole Trust acquired a new position in shares of Emerson Electric in the fourth quarter worth about $663,000. Callahan Advisors LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth about $521,000. Finally, Mcdonald Partners LLC boosted its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $125.00 on Wednesday. The stock has a market cap of $70.49 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average is $125.51 and its 200-day moving average is $117.30. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EMR shares. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays raised their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Finally, KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Company 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.