Klein Pavlis & Peasley Financial Inc. Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Klein Pavlis & Peasley Financial Inc. raised its stake in Emerson Electric Co. (NYSE:EMR) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,389 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Emerson Electric were worth $1,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMR. Wilmington Savings Fund Society FSB raised its position in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Larson Financial Group LLC lifted its position in Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 5,393 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after buying an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in Emerson Electric during the third quarter valued at approximately $443,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.3 %

NYSE EMR opened at $124.81 on Thursday. The stock’s fifty day moving average price is $126.78 and its 200-day moving average price is $116.66. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $71.08 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $93.03 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 11.25% and a return on equity of 11.73%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.45.

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.