Townsquare Capital LLC lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,990 shares of the industrial products company's stock after purchasing an additional 4,139 shares during the quarter. Townsquare Capital LLC's holdings in Emerson Electric were worth $1,982,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the 4th quarter worth about $35,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Up 3.6 %
EMR stock traded up $3.46 on Tuesday, hitting $99.88. 2,797,002 shares of the company's stock were exchanged, compared to its average volume of 2,922,026. The firm has a 50 day moving average price of $110.48 and a two-hundred day moving average price of $118.84. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The stock has a market cap of $56.32 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.11%. Emerson Electric's payout ratio is currently 50.36%.
Analyst Ratings Changes
EMR has been the subject of a number of research reports. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Finally, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $131.67.
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Emerson Electric Company Profile
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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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