Evergreen Capital Management LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Evergreen Capital Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,649 shares of the industrial products company’s stock after buying an additional 678 shares during the quarter. Evergreen Capital Management LLC’s holdings in Emerson Electric were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

EMR has been the topic of several research analyst reports. Citigroup reduced their target price on Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. 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 report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Barclays cut their price objective on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Emerson Electric Trading Up 0.9 %

NYSE:EMR opened at $99.55 on Friday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. The company’s 50 day moving average price is $111.55 and its 200-day moving average price is $118.95. 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 released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 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%. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 14th. 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.