Venturi Wealth Management LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

Venturi Wealth Management LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 34.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,409 shares of the industrial products company’s stock after acquiring an additional 1,378 shares during the quarter. Venturi Wealth Management LLC’s holdings in Emerson Electric were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Swedbank AB lifted its holdings in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC lifted its holdings in shares of Emerson Electric by 10.6% in the third 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 in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Emerson Electric by 2.4% in the third quarter. Sequoia Financial Advisors LLC now owns 17,441 shares of the industrial products company’s stock worth $1,908,000 after purchasing an additional 403 shares during the last quarter. Signaturefd LLC increased its position in shares of Emerson Electric by 2.3% in the third quarter. Signaturefd LLC now owns 12,565 shares of the industrial products company’s stock worth $1,374,000 after purchasing an additional 279 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Emerson Electric by 16.6% in the third quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company’s stock worth $7,294,000 after purchasing an additional 9,484 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $124.47 on Thursday. The business has a 50 day moving average price of $125.38 and a 200-day moving average price of $117.35. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm has a market cap of $70.19 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

Several research firms recently weighed in on EMR. KeyCorp upped their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays upped their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.