Emerson Electric Co. (NYSE:EMR) Holdings Raised by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,014 shares of the industrial products company’s stock after purchasing an additional 6,101 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Emerson Electric were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swedbank AB grew its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC grew its stake in Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Emerson Electric by 2.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 17,441 shares of the industrial products company’s stock valued at $1,908,000 after buying an additional 403 shares during the last quarter. Signaturefd LLC grew its stake in Emerson Electric by 2.3% in the 3rd quarter. Signaturefd LLC now owns 12,565 shares of the industrial products company’s stock valued at $1,374,000 after buying an additional 279 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Emerson Electric by 16.6% in the 3rd quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company’s stock worth $7,294,000 after purchasing an additional 9,484 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.4 %

Emerson Electric stock opened at $124.47 on Thursday. The company has a market cap of $70.19 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.46 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. The company has a fifty day simple moving average of $125.38 and a 200 day simple moving average of $117.35. 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 earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.90.

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.