Academy Capital Management Acquires Shares of 1,636 Emerson Electric Co. (NYSE:EMR)

Academy Capital Management bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,636 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other large investors have also recently modified their holdings of EMR. Swedbank AB increased its stake in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. Howard Capital Management Group LLC increased its position in Emerson Electric by 10.6% during 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 purchasing an additional 180 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Emerson Electric by 8.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 727 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Emerson Electric by 6.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 231,232 shares of the industrial products company’s stock valued at $25,290,000 after purchasing an additional 13,523 shares in the last quarter. Finally, Donaldson Capital Management LLC increased its holdings in Emerson Electric by 4.0% during the third quarter. Donaldson Capital Management LLC now owns 5,181 shares of the industrial products company’s stock valued at $567,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on EMR shares. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Barclays lifted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.26.

Emerson Electric Trading Down 2.8 %

EMR stock opened at $113.87 on Wednesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $64.21 billion, a P/E ratio of 27.18, a PEG ratio of 2.49 and a beta of 1.34. The company’s 50-day simple moving average is $124.19 and its 200-day simple moving average is $118.45.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.85%. 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.