Trek Financial LLC Grows Stake in Emerson Electric Co. (NYSE:EMR)

Trek Financial LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 40.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,733 shares of the industrial products company’s stock after buying an additional 2,243 shares during the quarter. Trek Financial LLC’s holdings in Emerson Electric were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Norges Bank bought a new position in Emerson Electric during the 4th quarter worth about $885,886,000. Raymond James Financial Inc. bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $297,947,000. Boston Partners increased its holdings in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after buying an additional 1,913,120 shares during the period. Fisher Asset Management LLC lifted its holdings in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after buying an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP boosted its position in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after acquiring an additional 965,731 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $94.47 on Monday. The company has a 50 day simple moving average of $118.39 and a two-hundred day simple moving average of $119.85. The stock has a market cap of $53.27 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $90.84 and a 12 month high of $134.85.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

Several research firms have recently commented on EMR. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.94.

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.