Wedbush Securities Inc. Buys 658 Shares of Emerson Electric Co. (NYSE:EMR)

Wedbush Securities Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,319 shares of the industrial products company’s stock after buying an additional 658 shares during the quarter. Wedbush Securities Inc.’s holdings in Emerson Electric were worth $1,279,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EMR. Stephens Consulting LLC bought a new stake in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric during the 4th quarter worth approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR stock opened at $94.47 on Monday. Emerson Electric Co. has a 12 month low of $90.84 and a 12 month high of $134.85. The firm has a market capitalization of $53.27 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The firm has a fifty day simple moving average of $118.39 and a two-hundred day simple moving average of $119.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its 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 net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.23%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EMR shares. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays decreased their price target on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $135.94.

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.