Emerson Electric Co. (NYSE:EMR) Position Boosted by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,258 shares of the industrial products company’s stock after buying an additional 13,391 shares during the quarter. Emerson Electric makes up about 3.0% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 13th largest holding. Mcdaniel Terry & Co.’s holdings in Emerson Electric were worth $36,467,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at about $25,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter valued at about $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at about $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EMR. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $124.47 on Thursday. 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’s 50-day simple moving average is $125.38 and its 200-day simple moving average is $117.35. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The firm has a market cap of $70.19 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. Emerson Electric’s dividend payout ratio (DPR) 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.