Texas Yale Capital Corp. Purchases 100 Shares of Emerson Electric Co. (NYSE:EMR)

Texas Yale Capital Corp. raised its position in Emerson Electric Co. (NYSE:EMR) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,789 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Texas Yale Capital Corp.’s holdings in Emerson Electric were worth $1,833,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric during the 4th quarter worth approximately $35,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EMR. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. KeyCorp decreased their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Finally, Citigroup assumed coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.72.

Emerson Electric Stock Performance

NYSE:EMR opened at $104.55 on Thursday. The firm has a market capitalization of $58.96 billion, a PE ratio of 24.95, a PEG ratio of 2.49 and a beta of 1.28. The stock’s fifty day moving average is $115.29 and its 200 day moving average is $119.42. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed 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 2.02%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 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.