661 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Asset Planning Inc

Asset Planning Inc bought a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 661 shares of the industrial products company’s stock, valued at approximately $82,000.

Several other large investors have also modified their holdings of EMR. GDS Wealth Management grew its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 79 shares in the last quarter. Berkshire Bank grew its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 89 shares in the last quarter. Grove Bank & Trust increased its position in shares of Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 90 shares during the period. Silver Lake Advisory LLC raised its stake in shares of Emerson Electric by 0.4% in the fourth quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock valued at $3,005,000 after acquiring an additional 90 shares in the last quarter. Finally, Sargent Investment Group LLC grew its stake in Emerson Electric by 0.5% during the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock worth $2,012,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMR shares. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays lifted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Performance

NYSE EMR opened at $125.26 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $126.04 and its two-hundred day moving average price is $117.01. The firm has a market capitalization of $70.63 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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, research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is 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.