Advisors Capital Management LLC Has $10.07 Million Stake in Emerson Electric Co. (NYSE:EMR)

Advisors Capital Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 81,228 shares of the industrial products company’s stock after purchasing an additional 469 shares during the quarter. Advisors Capital Management LLC’s holdings in Emerson Electric were worth $10,067,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EMR shares. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company raised their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays dropped their target price on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.39.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $100.33 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $56.57 billion, a PE ratio of 23.94, a P/E/G ratio of 2.49 and a beta of 1.28. The firm has a fifty day simple moving average of $114.17 and a 200 day simple moving average of $119.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results 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%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business 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 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

About Emerson Electric

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.