751 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 751 shares of the industrial products company’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of Emerson Electric by 4.5% in the 3rd quarter. CWM LLC now owns 17,352 shares of the industrial products company’s stock worth $1,898,000 after buying an additional 742 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Emerson Electric by 343.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,289 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 3,322 shares during the period. Ritholtz Wealth Management grew its holdings in Emerson Electric by 7.5% during the 3rd quarter. Ritholtz Wealth Management now owns 11,828 shares of the industrial products company’s stock worth $1,294,000 after acquiring an additional 825 shares in the last quarter. InTrack Investment Management Inc raised its holdings in shares of Emerson Electric by 15.4% in the 3rd quarter. InTrack Investment Management Inc now owns 6,040 shares of the industrial products company’s stock valued at $661,000 after purchasing an additional 805 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its position in shares of Emerson Electric by 23.8% in the 3rd quarter. Carnegie Investment Counsel now owns 92,582 shares of the industrial products company’s stock worth $10,126,000 after purchasing an additional 17,797 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EMR. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Robert W. Baird boosted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Price Performance

NYSE:EMR opened at $124.37 on Monday. The firm’s fifty day moving average is $126.51 and its two-hundred day moving average is $116.78. The firm has a market cap of $70.83 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts expect that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Dividend Announcement

The company 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. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.70%. Emerson Electric’s dividend payout ratio is presently 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.