AssuredPartners Investment Advisors LLC Buys New Position in Emerson Electric Co. (NYSE:EMR)

AssuredPartners Investment Advisors LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,914 shares of the industrial products company’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Wilmington Savings Fund Society FSB raised its holdings in Emerson Electric by 120.1% during 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 buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 1.4% in the 3rd 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 grew its stake in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. raised its holdings in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares in the last quarter. Finally, Howland Capital Management LLC lifted its position in 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 valued at $3,283,000 after acquiring an additional 3,054 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Trading Down 3.1 %

EMR stock opened at $108.56 on Friday. The firm has a market cap of $61.22 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The firm has a fifty day moving average price of $120.75 and a 200 day moving average price of $119.47. 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 Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

About Emerson Electric

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.