Vivid Wealth Management LLC Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Vivid Wealth Management LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,329 shares of the industrial products company’s stock after acquiring an additional 249 shares during the quarter. Vivid Wealth Management LLC’s holdings in Emerson Electric were worth $2,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter worth $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.6 %

Shares of EMR opened at $123.30 on Friday. The stock has a market capitalization of $70.22 billion, a PE ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. 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 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The company’s 50-day simple moving average is $125.89 and its 200-day simple moving average is $117.06.

Emerson Electric (NYSE:EMR) last released its 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 net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EMR shares. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. 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. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Company 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.