NewEdge Advisors LLC Has $11.95 Million Holdings in Emerson Electric Co. (NYSE:EMR)

NewEdge Advisors LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 67.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,420 shares of the industrial products company’s stock after acquiring an additional 38,748 shares during the quarter. NewEdge Advisors LLC’s holdings in Emerson Electric were worth $11,949,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Howard Capital Management Group LLC lifted its stake in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after buying an additional 180 shares during the last quarter. Morse Asset Management Inc bought a new position in Emerson Electric in the 3rd quarter valued at about $123,000. Tudor Financial Inc. acquired a new stake in Emerson Electric during the third quarter worth approximately $355,000. Anchor Investment Management LLC grew its position in shares of Emerson Electric by 4.4% in the third quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock valued at $3,350,000 after purchasing an additional 1,297 shares during the last quarter. Finally, World Investment Advisors LLC increased its stake in shares of Emerson Electric by 20.7% during the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock worth $1,613,000 after purchasing an additional 2,532 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.9 %

EMR opened at $99.55 on Friday. The company’s 50 day moving average is $112.09 and its 200-day moving average is $119.02. The company has a market cap of $56.14 billion, a P/E ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 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 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%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EMR. Citigroup reduced their price target on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Barclays lowered their target price on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.