2,192 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Pennington Partners & CO. LLC

Pennington Partners & CO. LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,192 shares of the industrial products company’s stock, valued at approximately $272,000.

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

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup dropped their price objective on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Emerson Electric Trading Up 0.7 %

EMR opened at $105.84 on Friday. The company’s 50 day moving average is $107.85 and its 200-day moving average is $118.46. The company has a market cap of $59.68 billion, a P/E ratio of 25.26, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year 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 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%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 annualized dividend and a yield of 1.99%. Emerson Electric’s dividend payout ratio is presently 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.