Parvin Asset Management LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 6,880 shares of the industrial products company's stock, valued at approximately $853,000.
A number of other large investors have also recently added to or reduced their stakes in EMR. Wilmington Savings Fund Society FSB lifted its holdings in Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Stokes Family Office LLC lifted its stake in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares during the period. GHP Investment Advisors Inc. boosted its position in Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares during the last quarter. World Investment Advisors grew its stake in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after acquiring an additional 6,079 shares during the period. Finally, Howland Capital Management LLC lifted its stake in shares of Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after purchasing an additional 3,054 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on EMR shares. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. KeyCorp cut their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Daiwa Capital Markets initiated 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. Citigroup decreased their price target on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.67.
Check Out Our Latest Stock Report on Emerson Electric
Emerson Electric Stock Up 2.5 %
NYSE EMR traded up $2.60 during trading on Friday, hitting $108.41. 2,569,836 shares of the company traded hands, compared to its average volume of 2,929,644. The company has a market capitalization of $61.13 billion, a P/E ratio of 25.87, a PEG ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 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 business has a fifty day simple moving average of $107.63 and a 200 day simple moving average of $118.45.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The firm also recently declared 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is 50.36%.
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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