Emerson Electric Co. (NYSE:EMR) Shares Purchased by Adams Wealth Management

Adams Wealth Management raised its holdings in Emerson Electric Co. (NYSE:EMR) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,314 shares of the industrial products company’s stock after buying an additional 250 shares during the period. Adams Wealth Management’s holdings in Emerson Electric were worth $906,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. acquired a new position in Emerson Electric during the 4th quarter worth $238,000. Canada Pension Plan Investment Board grew its stake in Emerson Electric by 18.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 243,307 shares of the industrial products company’s stock worth $30,153,000 after purchasing an additional 38,397 shares in the last quarter. First Commonwealth Financial Corp PA increased its holdings in Emerson Electric by 4.1% in the fourth quarter. First Commonwealth Financial Corp PA now owns 7,298 shares of the industrial products company’s stock valued at $904,000 after buying an additional 290 shares during the last quarter. Farringdon Capital Ltd. acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $858,000. Finally, MSH Capital Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $2,663,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock opened at $99.55 on Friday. The company has a market capitalization of $56.14 billion, a P/E ratio of 23.76, a PEG 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. The company has a 50-day simple moving average of $112.09 and a 200 day simple moving average of $119.02. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly 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%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.12%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EMR shares. Citigroup dropped their price target on Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday. KeyCorp reduced their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.