Emerson Electric Co. (NYSE:EMR) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,145 shares of the industrial products company’s stock after buying an additional 274 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Emerson Electric were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the 4th quarter worth about $28,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the 4th quarter worth approximately $35,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Morgan Stanley increased 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. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Stock Up 1.5 %

EMR stock opened at $111.64 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $62.95 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company’s 50 day simple moving average is $119.70 and its 200-day simple moving average is $119.81.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued 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 1.89%. Emerson Electric’s dividend payout ratio is 50.36%.

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.