SFE Investment Counsel Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

SFE Investment Counsel boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,005 shares of the industrial products company’s stock after buying an additional 230 shares during the period. SFE Investment Counsel’s holdings in Emerson Electric were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional grew its holdings in Emerson Electric by 9.7% during the 3rd quarter. CX Institutional now owns 15,735 shares of the industrial products company’s stock valued at $1,721,000 after buying an additional 1,390 shares in the last quarter. Creative Planning increased its holdings in Emerson Electric by 1.5% during the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock worth $20,201,000 after acquiring an additional 2,768 shares during the period. NBC Securities Inc. lifted its stake in Emerson Electric by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 17,084 shares of the industrial products company’s stock worth $1,868,000 after purchasing an additional 741 shares in the last quarter. Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of Emerson Electric by 7.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 117,864 shares of the industrial products company’s stock worth $13,069,000 after purchasing an additional 7,948 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $124.45 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The firm has a market cap of $70.88 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.16 and a beta of 1.34. The business’s 50 day moving average price is $126.04 and its 200-day moving average price is $117.01. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current 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 issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.70%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

Several research firms have weighed in on EMR. Robert W. Baird raised their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.