Sagespring Wealth Partners LLC Invests $770,000 in Emerson Electric Co. (NYSE:EMR)

Sagespring Wealth Partners LLC bought a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,215 shares of the industrial products company's stock, valued at approximately $770,000.

Several other institutional investors also recently made changes to their positions in the stock. Stephens Consulting LLC purchased a new stake in Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the fourth quarter worth $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.9 %

Emerson Electric stock traded up $0.88 during trading on Friday, reaching $99.55. The company had a trading volume of 2,878,399 shares, compared to its average volume of 2,921,430. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market capitalization of $56.14 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The stock's 50 day moving average price is $111.55 and its two-hundred day moving average price is $119.08.

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, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EMR shares. Royal Bank of Canada reissued an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. 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 on the stock. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Barclays cut their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Two investment 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.67.

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.