AMJ Financial Wealth Management Takes Position in Emerson Electric Co. (NYSE:EMR)

AMJ Financial Wealth Management acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,953 shares of the industrial products company’s stock, valued at approximately $242,000.

A number of other hedge funds also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC increased its holdings in Emerson Electric by 10.6% during the third 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. Focus Financial Network Inc. raised its position in Emerson Electric by 3.6% in the third quarter. Focus Financial Network Inc. now owns 3,733 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 128 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in shares of Emerson Electric by 3.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 5,068 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 175 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Emerson Electric by 8.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several analyst reports. Barclays lifted their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Daiwa America raised shares of 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 given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Performance

NYSE EMR opened at $116.95 on Tuesday. The stock has a market capitalization of $65.95 billion, a PE ratio of 27.91, a P/E/G ratio of 2.49 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 business has a 50 day simple moving average of $124.44 and a two-hundred day simple moving average of $118.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.80%. Emerson Electric’s dividend payout ratio (DPR) 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.