2,121 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,121 shares of the industrial products company’s stock, valued at approximately $263,000.

Several other hedge funds also recently modified their holdings of EMR. Howard Capital Management Group LLC grew its stake in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Emerson Electric by 164.3% during the third quarter. Loomis Sayles & Co. L P now owns 94,061 shares of the industrial products company’s stock worth $10,287,000 after purchasing an additional 58,476 shares during the period. Brooklyn Investment Group bought a new position in shares of Emerson Electric in the 3rd quarter worth $144,000. Townsquare Capital LLC grew its position in Emerson Electric by 4.9% in the 3rd quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock valued at $1,296,000 after purchasing an additional 553 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Emerson Electric by 1,796.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 495,000 shares of the industrial products company’s stock worth $54,138,000 after buying an additional 468,898 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EMR. Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Barclays cut their target price on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Stock Performance

Shares of EMR opened at $112.09 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $121.08 and a 200-day moving average price of $119.41. The company has a market cap of $63.20 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.