AssuredPartners Investment Advisors LLC Invests $361,000 in Emerson Electric Co. (NYSE:EMR)

AssuredPartners Investment Advisors LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,914 shares of the industrial products company’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric during the fourth quarter worth approximately $28,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric during the 4th quarter valued at $35,000. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $108.56 on Friday. The firm has a market cap of $61.22 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The stock has a fifty day simple moving average of $120.75 and a two-hundred day simple moving average of $119.47. 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 Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

About Emerson Electric

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.