Cassaday & Co Wealth Management LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Cassaday & Co Wealth Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,712 shares of the industrial products company’s stock after purchasing an additional 789 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Emerson Electric were worth $336,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EMR. Wilmington Savings Fund Society FSB raised its position in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Larson Financial Group LLC lifted its position in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in Emerson Electric during the 3rd quarter worth about $443,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Stock Down 2.3 %

NYSE EMR opened at $121.88 on Friday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business has a fifty day moving average price of $125.08 and a 200 day moving average price of $117.51. The company has a market cap of $68.73 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio (DPR) 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.