Sagespring Wealth Partners LLC Takes $770,000 Position in Emerson Electric Co. (NYSE:EMR)

Sagespring Wealth Partners LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,215 shares of the industrial products company’s stock, valued at approximately $770,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Wilmington Savings Fund Society FSB raised its holdings in shares of Emerson Electric by 120.1% during 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 acquiring an additional 30,741 shares in the last quarter. Stokes Family Office LLC raised its holdings in Emerson Electric by 94.8% in the 4th 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 in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Emerson Electric by 8.3% in the 4th 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 during the period. World Investment Advisors boosted its stake in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC increased its position in shares of Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after buying an additional 3,054 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $100.91 on Tuesday. The company has a market cap of $56.90 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.49 and a beta of 1.28. The business’s fifty day simple moving average is $113.69 and its two-hundred day simple moving average is $119.36. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. 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 released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.09%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analysts Set New Price Targets

Several analysts have weighed in on EMR shares. Citigroup cut their price objective on Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. KeyCorp reduced their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.