Paragon Private Wealth Management LLC Buys Shares of 10,046 Emerson Electric Co. (NYSE:EMR)

Paragon Private Wealth Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,046 shares of the industrial products company's stock, valued at approximately $978,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMR. Tobam boosted its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $35,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $39,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Emerson Electric during the fourth quarter worth approximately $39,000. Finally, MCF Advisors LLC grew its stake in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company's stock worth $40,000 after acquiring an additional 386 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Up 0.1 %

Shares of EMR traded up $0.06 during mid-day trading on Friday, reaching $112.88. 1,619,656 shares of the stock traded hands, compared to its average volume of 3,321,021. The stock has a fifty day simple moving average of $111.49 and a 200 day simple moving average of $101.36. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The firm has a market cap of $64.58 billion, a price-to-earnings ratio of 6.04, a P/E/G ratio of 1.93 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm's revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 16th. Emerson Electric's payout ratio is 11.24%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday. Mizuho upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Royal Bank of Canada upped their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Finally, Berenberg Bank lifted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $120.56.

About Emerson Electric

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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