Axxcess Wealth Management LLC Acquires 3,698 Shares of Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,112 shares of the industrial products company’s stock after buying an additional 3,698 shares during the period. Axxcess Wealth Management LLC’s holdings in Emerson Electric were worth $6,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the 4th quarter worth approximately $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 1.5 %

Shares of EMR opened at $113.58 on Tuesday. The firm’s 50-day moving average price is $122.21 and its 200-day moving average price is $119.03. The firm has a market capitalization of $64.05 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.49 and a beta of 1.36. 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 1-year low of $96.62 and a 1-year high of $134.85.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

Several research firms have issued reports on EMR. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Finally, 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 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.22.

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.