Carlton Hofferkamp & Jenks Wealth Management LLC Has $410,000 Stake in Emerson Electric Co. (NYSE:EMR)

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,288 shares of the industrial products company’s stock after selling 124 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Emerson Electric were worth $410,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter valued at approximately $25,000. YANKCOM Partnership acquired a new position in Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Loop Capital boosted 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. UBS Group assumed 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. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

Shares of EMR opened at $116.95 on Tuesday. The firm has a market capitalization of $65.95 billion, a PE ratio of 27.91, a PEG ratio of 2.49 and a beta of 1.34. The company’s 50-day moving average is $124.44 and its 200-day moving average is $118.37. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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%. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is 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.