Stonebridge Financial Group LLC Purchases Shares of 37,423 Emerson Electric Co. (NYSE:EMR)

Stonebridge Financial Group LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,423 shares of the industrial products company’s stock, valued at approximately $4,638,000.

A number of other hedge funds have also recently modified their holdings of the company. Essex Financial Services Inc. raised its holdings in Emerson Electric by 3.7% in the 4th quarter. Essex Financial Services Inc. now owns 9,413 shares of the industrial products company’s stock worth $1,167,000 after purchasing an additional 339 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Emerson Electric by 42.1% during the fourth quarter. Focus Financial Network Inc. now owns 5,306 shares of the industrial products company’s stock valued at $658,000 after purchasing an additional 1,573 shares during the last quarter. Pineridge Advisors LLC grew its stake in shares of Emerson Electric by 16.9% in the fourth quarter. Pineridge Advisors LLC now owns 3,363 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 485 shares during the last quarter. Soltis Investment Advisors LLC grew its position in Emerson Electric by 4.8% during the 4th quarter. Soltis Investment Advisors LLC now owns 2,563 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 117 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $174,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Up 1.9 %

Shares of NYSE:EMR opened at $126.71 on Tuesday. The firm has a market capitalization of $72.17 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The business has a 50 day simple moving average of $126.51 and a two-hundred day simple moving average of $116.80. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts predict that Emerson Electric Co. will post 5.95 EPS 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 given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.67%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Emerson Electric 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.