6,927 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. acquired a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, HoldingsChannel reports. The fund acquired 6,927 shares of the industrial products company’s stock, valued at approximately $858,000.

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

Emerson Electric Stock Down 1.7 %

NYSE:EMR opened at $98.74 on Thursday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock’s fifty day moving average is $112.64 and its two-hundred day moving average is $119.09. The stock has a market capitalization of $55.68 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 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 (EPS) for the quarter, topping 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 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EMR. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup dropped their target price on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a report on Monday. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Barclays dropped their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Emerson Electric Company 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.