Meeder Advisory Services Inc. Raises Stake in Emerson Electric Co. (NYSE:EMR)

Meeder Advisory Services Inc. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,145 shares of the industrial products company’s stock after purchasing an additional 274 shares during the period. Meeder Advisory Services Inc.’s holdings in Emerson Electric were worth $1,877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EMR. May Hill Capital LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth approximately $394,000. Geode Capital Management LLC grew its holdings in Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. StoneX Group Inc. increased its position in shares of Emerson Electric by 23.5% in the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company’s stock valued at $4,081,000 after buying an additional 6,264 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Emerson Electric by 28.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 18,735 shares of the industrial products company’s stock worth $2,363,000 after buying an additional 4,151 shares during the last quarter. Finally, Cannell & Spears LLC boosted its position in shares of Emerson Electric by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 48,186 shares of the industrial products company’s stock worth $5,972,000 after buying an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EMR shares. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Barclays lowered their target price on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday, March 26th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Stock Performance

Emerson Electric stock opened at $111.64 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market cap of $62.95 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The stock’s 50-day moving average is $119.70 and its 200-day moving average is $119.81.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.