Emerson Electric Co. (NYSE:EMR) Shares Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 41.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,712 shares of the industrial products company’s stock after buying an additional 789 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Emerson Electric were worth $336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at approximately $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth about $29,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.3 %

Shares of NYSE:EMR opened at $121.88 on Friday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company’s 50 day moving average is $125.08 and its two-hundred day moving average is $117.51. The company has a market cap of $68.73 billion, a PE ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. 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 posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.