Heritage Trust Co acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,652 shares of the industrial products company's stock, valued at approximately $1,444,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC bought a new position in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the fourth quarter worth about $28,000. YANKCOM Partnership bought a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Price Performance
EMR traded up $1.76 during trading on Thursday, reaching $100.43. 1,445,523 shares of the company were exchanged, compared to its average volume of 2,905,265. The company's 50-day moving average is $112.64 and its two-hundred day moving average is $119.09. 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 Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a market cap of $56.63 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.49 and a beta of 1.28.
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 for the quarter, topping 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%. Research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.10%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Analyst Ratings Changes
EMR has been the topic of several analyst reports. KeyCorp cut their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective 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. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company boosted 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.67.
Read Our Latest Research Report on EMR
Emerson Electric Profile
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Free Report)
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.
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