Cozad Asset Management Inc. Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Cozad Asset Management Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,543 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Cozad Asset Management Inc.’s holdings in Emerson Electric were worth $439,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EMR. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter worth approximately $29,000. YANKCOM Partnership bought a new position in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric during the 4th quarter worth approximately $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the topic of several recent research reports. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Finally, Citigroup began coverage on Emerson Electric in a research report on Monday. They issued a “buy” rating and a $132.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Trading Down 1.6 %

NYSE EMR opened at $111.77 on Wednesday. The stock’s 50 day moving average is $122.03 and its 200 day moving average is $119.07. The firm has a market capitalization of $63.02 billion, a PE ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. Research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 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.