Alteri Wealth LLC Invests $582,000 in Emerson Electric Co. (NYSE:EMR)

Alteri Wealth LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,700 shares of the industrial products company's stock, valued at approximately $582,000.

Other large investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter worth $28,000. YANKCOM Partnership bought a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric in the 4th quarter worth $35,000. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. 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 report on Tuesday, April 8th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective on the stock. Barclays reduced their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.07 during trading on Monday, hitting $108.39. The company had a trading volume of 2,551,495 shares, compared to its average volume of 2,916,147. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The firm has a market capitalization of $61.12 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock's 50-day moving average price is $107.40 and its 200 day moving average price is $118.55.

Emerson Electric (NYSE:EMR - Get Free Report) 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 net margin of 13.74% and a return on equity of 12.08%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 1.95%. Emerson Electric's payout ratio is presently 50.36%.

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.