Schnieders Capital Management LLC Purchases 1,500 Shares of Emerson Electric Co. (NYSE:EMR)

Schnieders Capital Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,989 shares of the industrial products company’s stock after buying an additional 1,500 shares during the quarter. Schnieders Capital Management LLC’s holdings in Emerson Electric were worth $494,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Swedbank AB boosted its stake 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 worth $278,285,000 after acquiring an additional 1,424,800 shares during the period. Howard Capital Management Group LLC boosted its stake in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Emerson Electric by 24.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock worth $4,439,000 after acquiring an additional 8,064 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Emerson Electric by 87.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,441 shares of the industrial products company’s stock worth $486,000 after acquiring an additional 2,072 shares during the period. Finally, Orrstown Financial Services Inc. bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $202,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EMR. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Down 0.0 %

Shares of EMR stock opened at $119.72 on Thursday. The firm has a market capitalization 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 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 stock’s fifty day simple moving average is $124.67 and its 200 day simple moving average is $117.94.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.76%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.