Stevens Capital Management LP Purchases 526 Shares of Emerson Electric Co. (NYSE:EMR)

Stevens Capital Management LP lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,466 shares of the industrial products company’s stock after purchasing an additional 526 shares during the period. Stevens Capital Management LP’s holdings in Emerson Electric were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter worth $27,000. YANKCOM Partnership bought a new position in Emerson Electric in the 4th quarter valued at $30,000. Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth $35,000. Finally, BankPlus Trust Department purchased a new position in shares of Emerson Electric in the 4th quarter worth about $40,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently 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. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Price Performance

NYSE:EMR opened at $115.44 on Tuesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The stock has a fifty day moving average of $121.53 and a 200 day moving average of $119.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market capitalization of $65.09 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results 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%. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 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.