Northstar Group Inc. Takes Position in Emerson Electric Co. (NYSE:EMR)

Northstar Group Inc. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,672 shares of the industrial products company’s stock, valued at approximately $207,000.

Other large investors have also added to or reduced their stakes in the company. Realta Investment Advisors purchased a new position in shares of Emerson Electric in the 4th quarter worth $452,000. Golden State Wealth Management LLC purchased a new position in Emerson Electric in the fourth quarter worth about $93,000. Global X Japan Co. Ltd. grew its stake in shares of Emerson Electric by 29.9% during the 4th quarter. Global X Japan Co. Ltd. now owns 4,805 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 1,107 shares during the period. Keystone Financial Group Inc. bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $82,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Emerson Electric by 8.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,749 shares of the industrial products company’s stock worth $8,148,000 after buying an additional 5,157 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $124.37 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company’s 50-day moving average price is $126.68 and its 200-day moving average price is $116.74. The company has a market cap of $70.83 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, equities research analysts forecast that Emerson Electric Co. will post 5.91 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EMR. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.