Meritage Portfolio Management Takes $200,000 Position in Emerson Electric Co. (NYSE:EMR)

Meritage Portfolio Management bought a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,615 shares of the industrial products company’s stock, valued at approximately $200,000.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter worth $29,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric in the fourth quarter worth $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Emerson Electric stock opened at $127.49 on Friday. The firm has a 50 day simple moving average of $126.78 and a 200-day simple moving average of $116.66. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market cap of $72.61 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 11.25% and a return on equity of 11.73%. On average, analysts expect that Emerson Electric Co. will post 5.91 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.65%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

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.