Norden Group LLC Has $343,000 Stake in Emerson Electric Co. (NYSE:EMR)

Norden Group LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 43.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,765 shares of the industrial products company’s stock after buying an additional 841 shares during the quarter. Norden Group LLC’s holdings in Emerson Electric were worth $343,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter worth $25,000. Stephens Consulting LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric during the fourth quarter worth approximately $30,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent analyst reports. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.26.

Emerson Electric Price Performance

EMR opened at $113.87 on Wednesday. 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 current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $64.21 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.49 and a beta of 1.34. The firm’s fifty day moving average price is $124.19 and its two-hundred day moving average price is $118.45.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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 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 yield of 1.85%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

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.