Miller Financial Services LLC Makes New $640,000 Investment in Emerson Electric Co. (NYSE:EMR)

Miller Financial Services LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,161 shares of the industrial products company’s stock, valued at approximately $640,000.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Cornerstone Advisors LLC raised its holdings in shares of Emerson Electric by 0.9% in the 4th quarter. Cornerstone Advisors LLC now owns 44,400 shares of the industrial products company’s stock worth $5,502,000 after purchasing an additional 400 shares during the period. Sage Mountain Advisors LLC raised its holdings in shares of Emerson Electric by 15.7% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,550 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 481 shares during the period. Claris Advisors LLC MO raised its holdings in shares of Emerson Electric by 110.9% in the 4th quarter. Claris Advisors LLC MO now owns 5,948 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 3,128 shares during the period. Clare Market Investments LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $656,000. Finally, Vista Investment Partners II LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $224,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EMR shares. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric Price Performance

Shares of EMR opened at $111.73 on Tuesday. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.49 and a beta of 1.36. The stock has a 50 day moving average of $123.39 and a 200-day moving average of $118.78. 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 Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, analysts forecast 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 was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.89%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Emerson Electric 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.