Hopwood Financial Services Inc. Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Hopwood Financial Services Inc. purchased a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, Holdings Channel reports. The fund purchased 2,765 shares of the industrial products company’s stock, valued at approximately $343,000.

A number of other hedge funds also recently made changes to their positions in the stock. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter worth about $25,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the 4th quarter valued at about $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter worth about $29,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $110.62 on Wednesday. The stock has a 50-day moving average of $123.12 and a 200 day moving average of $118.82. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market capitalization of $62.38 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.49 and a beta of 1.36. 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 announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Finally, UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.28.

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.