4,429 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,429 shares of the industrial products company’s stock, valued at approximately $549,000.

Other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its position in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. State Street Corp lifted its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Swedbank AB grew its holdings in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Sarasin & Partners LLP increased its position in Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after buying an additional 965,731 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EMR. Barclays lifted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Up 1.3 %

Shares of EMR stock opened at $125.00 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market cap of $70.49 billion, a PE ratio of 29.83, a P/E/G ratio of 2.16 and a beta of 1.34. The stock’s fifty day moving average price is $125.51 and its two-hundred day moving average price is $117.30.

Emerson Electric (NYSE:EMR) last released its 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%. Equities analysts predict that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. Emerson Electric’s payout ratio is presently 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.