Wayfinding Financial LLC Purchases Shares of 6,526 Emerson Electric Co. (NYSE:EMR)

Wayfinding Financial LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,526 shares of the industrial products company’s stock, valued at approximately $808,000.

Several other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $297,947,000. Boston Partners lifted its stake in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after buying an additional 1,913,120 shares during the period. State Street Corp boosted its position in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. Finally, Swedbank AB lifted 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 purchasing an additional 1,424,800 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.6 %

EMR opened at $111.73 on Friday. The firm has a market capitalization of $63.00 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. The firm’s 50 day moving average is $121.69 and its 200-day moving average is $118.97. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52-week low of $96.62 and a 52-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 EPS for the quarter, topping 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%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Citigroup initiated coverage on shares of Emerson Electric in a research note on Monday. They set a “buy” rating and a $132.00 price objective for the company. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.22.

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.