Emerson Electric Co. (NYSE:EMR) Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,240 shares of the industrial products company’s stock after purchasing an additional 366 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Emerson Electric were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Emerson Electric by 4.5% in the third quarter. CWM LLC now owns 17,352 shares of the industrial products company’s stock valued at $1,898,000 after acquiring an additional 742 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Emerson Electric by 343.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,289 shares of the industrial products company’s stock worth $469,000 after buying an additional 3,322 shares in the last quarter. Ritholtz Wealth Management grew its position in Emerson Electric by 7.5% during the third quarter. Ritholtz Wealth Management now owns 11,828 shares of the industrial products company’s stock worth $1,294,000 after buying an additional 825 shares during the period. InTrack Investment Management Inc lifted its position in shares of Emerson Electric by 15.4% during the 3rd quarter. InTrack Investment Management Inc now owns 6,040 shares of the industrial products company’s stock valued at $661,000 after acquiring an additional 805 shares during the period. Finally, Carnegie Investment Counsel grew its holdings in shares of Emerson Electric by 23.8% in the 3rd quarter. Carnegie Investment Counsel now owns 92,582 shares of the industrial products company’s stock worth $10,126,000 after acquiring an additional 17,797 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EMR shares. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Price Performance

EMR stock opened at $124.37 on Monday. The stock has a 50-day moving average price of $126.51 and a two-hundred day moving average price of $116.78. The company has a market cap of $70.83 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts predict that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

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

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.