Marks Group Wealth Management Inc Has $1.43 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Marks Group Wealth Management Inc reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,554 shares of the industrial products company’s stock after selling 500 shares during the period. Marks Group Wealth Management Inc’s holdings in Emerson Electric were worth $1,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $27,000. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter worth $25,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 1.9 %

Shares of NYSE:EMR opened at $124.45 on Thursday. The company has a 50 day moving average price of $126.24 and a two-hundred day moving average price of $116.95. The company has a market capitalization of $70.88 billion, a PE ratio of 29.70, a PEG ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. Analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EMR shares. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Company 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.