Apriem Advisors Acquires 105 Shares of Emerson Electric Co. (NYSE:EMR)

Apriem Advisors increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,051 shares of the industrial products company’s stock after purchasing an additional 105 shares during the period. Apriem Advisors’ holdings in Emerson Electric were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Nwam LLC increased its stake in shares of Emerson Electric by 1.6% in the 4th quarter. Nwam LLC now owns 10,967 shares of the industrial products company’s stock valued at $1,359,000 after acquiring an additional 177 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $102,000. Sabal Trust CO grew its holdings in shares of Emerson Electric by 36.1% in the 4th quarter. Sabal Trust CO now owns 14,534 shares of the industrial products company’s stock valued at $1,801,000 after buying an additional 3,852 shares during the period. Nelson Capital Management LLC increased its position in shares of Emerson Electric by 1.0% in the 4th quarter. Nelson Capital Management LLC now owns 24,472 shares of the industrial products company’s stock valued at $3,033,000 after buying an additional 252 shares in the last quarter. Finally, DMKC Advisory Services LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $2,217,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $119.72 on Thursday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $124.67 and a 200 day simple moving average of $117.94. The company has a market cap of $67.51 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.49 and a beta of 1.34.

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 net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EMR shares. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus 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.