LPL Financial LLC Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

LPL Financial LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 869,880 shares of the industrial products company’s stock after acquiring an additional 36,709 shares during the quarter. LPL Financial LLC owned about 0.15% of Emerson Electric worth $107,804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stephens Consulting LLC purchased a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $30,000. Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $35,000. Finally, BankPlus Trust Department acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.1 %

EMR opened at $115.21 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a market cap of $64.97 billion, a P/E ratio of 27.50, a PEG ratio of 2.49 and a beta of 1.36. The business’s 50-day simple moving average is $121.44 and its 200-day simple moving average is $119.50.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. 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 note on Thursday, February 6th. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $135.00 to $110.00 in a report on Monday, March 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.22.

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.