CreativeOne Wealth LLC Has $406,000 Position in Emerson Electric Co. (NYSE:EMR)

CreativeOne Wealth LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 35.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,273 shares of the industrial products company’s stock after selling 1,792 shares during the period. CreativeOne Wealth LLC’s holdings in Emerson Electric were worth $406,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have commented on EMR shares. KeyCorp decreased their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Barclays decreased their target price on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Price Performance

EMR stock opened at $99.55 on Friday. The firm has a 50 day moving average of $111.55 and a 200-day moving average of $119.01. The firm has a market capitalization of $56.14 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. 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 (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric’s 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.