Claris Advisors LLC MO Grows Holdings in Emerson Electric Co. (NYSE:EMR)

Claris Advisors LLC MO lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 110.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,948 shares of the industrial products company’s stock after acquiring an additional 3,128 shares during the quarter. Claris Advisors LLC MO’s holdings in Emerson Electric were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EMR. Wilmington Savings Fund Society FSB grew its position in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in Emerson Electric in the 3rd quarter valued at $443,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 5.8 %

NYSE:EMR opened at $111.73 on Tuesday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week 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 moving average is $123.39 and its two-hundred day moving average is $118.78. The stock has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its earnings results 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 return on equity of 12.08% and a net margin of 13.74%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $135.00 to $110.00 in a report on Monday. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $136.28.

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.