Blueprint Investment Partners LLC Buys Shares of 3,091 Emerson Electric Co. (NYSE:EMR)

Blueprint Investment Partners LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,091 shares of the industrial products company’s stock, valued at approximately $383,000.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its position in shares of Emerson Electric by 120.1% in the third 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 during the period. Geode Capital Management LLC raised its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the period. Stokes Family Office LLC increased its position in 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 worth $1,141,000 after acquiring an additional 4,480 shares during the period. Larson Financial Group LLC increased its position in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake 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 buying an additional 6,321 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EMR. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Finally, Citigroup initiated coverage on shares of Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Stock Up 1.0 %

EMR stock opened at $112.92 on Monday. The stock has a fifty day moving average of $121.60 and a 200-day moving average of $119.27. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36. 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) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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 predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.