YANKCOM Partnership Acquires Shares of 243 Emerson Electric Co. (NYSE:EMR)

YANKCOM Partnership acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 243 shares of the industrial products company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $29,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the 4th quarter worth approximately $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Finally, KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $127.49 on Friday. The business’s fifty day moving average price is $126.78 and its two-hundred day moving average price is $116.66. The stock has a market cap of $72.61 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, analysts forecast that Emerson Electric Co. will post 5.91 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm 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 dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.