Parthenon LLC Buys Shares of 1,616 Emerson Electric Co. (NYSE:EMR)

Parthenon LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,616 shares of the industrial products company’s stock, valued at approximately $200,000.

A number of other large investors have also made changes to their positions in the company. Swedbank AB lifted its holdings 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. Howard Capital Management Group LLC lifted its stake in Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Emerson Electric by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 17,441 shares of the industrial products company’s stock worth $1,908,000 after acquiring an additional 403 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Emerson Electric by 2.3% during the third quarter. Signaturefd LLC now owns 12,565 shares of the industrial products company’s stock worth $1,374,000 after acquiring an additional 279 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Emerson Electric by 16.6% in the 3rd quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company’s stock worth $7,294,000 after purchasing an additional 9,484 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $124.47 on Thursday. The company’s 50-day moving average is $125.38 and its 200-day moving average is $117.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $70.19 billion, a PE ratio of 29.71, a PEG ratio of 2.46 and a beta of 1.34. 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, topping 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 forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Barclays boosted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

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.