Emerson Electric Co. (NYSE:EMR) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 67.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,420 shares of the industrial products company's stock after acquiring an additional 38,748 shares during the period. NewEdge Advisors LLC's holdings in Emerson Electric were worth $11,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its holdings in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after buying an additional 30,741 shares during the period. Stokes Family Office LLC grew its holdings in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after buying an additional 6,321 shares during the period. World Investment Advisors lifted its holdings in Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after buying an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC grew its stake in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after acquiring an additional 3,054 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several research analyst reports. Citigroup dropped their price objective on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Stock Performance

EMR traded up $2.86 on Wednesday, reaching $102.65. 1,385,897 shares of the stock were exchanged, compared to its average volume of 2,916,174. The company's 50-day moving average price is $110.48 and its 200 day moving average price is $118.84. The firm has a market capitalization of $57.88 billion, a PE ratio of 24.50, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. 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 2.06%. Emerson Electric's payout ratio is 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.