Emerson Electric Co. (NYSE:EMR) Stake Boosted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1,182.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,289 shares of the industrial products company’s stock after purchasing an additional 270,423 shares during the quarter. Emerson Electric comprises 0.7% of Kingsview Wealth Management LLC’s portfolio, making the stock its 29th largest holding. Kingsview Wealth Management LLC owned approximately 0.05% of Emerson Electric worth $36,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter worth about $25,000. Stephens Consulting LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership bought a new position in Emerson Electric during the fourth quarter worth about $30,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $124.37 on Friday. The company has a 50 day moving average of $126.68 and a 200-day moving average of $116.74. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a market cap of $70.83 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EMR shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. 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 note on Thursday, December 5th. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Company 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.