Emerson Electric Co. (NYSE:EMR) Shares Purchased by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc grew its holdings in Emerson Electric Co. (NYSE:EMR) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,563 shares of the industrial products company’s stock after acquiring an additional 302 shares during the period. O Brien Greene & Co. Inc’s holdings in Emerson Electric were worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC boosted its stake in shares of Emerson Electric by 14.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 48,014 shares of the industrial products company’s stock valued at $5,950,000 after purchasing an additional 6,101 shares during the period. Advyzon Investment Management LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $266,000. Mcdaniel Terry & Co. grew its stake in shares of Emerson Electric by 4.8% during the fourth quarter. Mcdaniel Terry & Co. now owns 294,258 shares of the industrial products company’s stock valued at $36,467,000 after acquiring an additional 13,391 shares in the last quarter. Corps Capital Advisors LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $620,000. Finally, Cumberland Partners Ltd lifted its stake in shares of Emerson Electric by 45.1% in the fourth quarter. Cumberland Partners Ltd now owns 17,200 shares of the industrial products company’s stock worth $2,132,000 after acquiring an additional 5,350 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EMR. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

Shares of EMR stock opened at $124.47 on Thursday. The business has a 50 day simple moving average of $125.38 and a 200 day simple moving average of $117.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $70.19 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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