Emerson Electric Co. (NYSE:EMR) Stake Boosted by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,563 shares of the industrial products company’s stock after purchasing an additional 117 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Emerson Electric were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new position in Emerson Electric during the 4th quarter valued at about $174,000. Angeles Wealth Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $226,000. Tevis Investment Management acquired a new stake in Emerson Electric in the fourth quarter worth about $212,000. Compass Financial Services Inc bought a new position in Emerson Electric in the 4th quarter valued at about $53,000. Finally, Kestra Private Wealth Services LLC increased its stake in Emerson Electric by 7.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 97,804 shares of the industrial products company’s stock valued at $12,121,000 after buying an additional 6,633 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EMR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Robert W. Baird raised their target price 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. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Stock Performance

Shares of EMR opened at $126.94 on Wednesday. The company’s 50 day moving average price is $126.37 and its 200 day moving average price is $116.88. 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 52 week low of $96.62 and a 52 week high of $134.85. The company has a market capitalization of $72.30 billion, a PE ratio of 30.30, a PEG ratio of 2.16 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, topping 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%. Research analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued 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 1.66%. Emerson Electric’s dividend payout ratio is currently 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.