Physicians Financial Services Inc. Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Physicians Financial Services Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,059 shares of the industrial products company’s stock after purchasing an additional 200 shares during the period. Physicians Financial Services Inc.’s holdings in Emerson Electric were worth $627,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Barclays boosted their target price 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. Finally, Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Up 0.3 %

Shares of NYSE EMR opened at $124.74 on Friday. The stock has a market cap of $70.34 billion, a PE ratio of 29.77, a P/E/G ratio of 2.48 and a beta of 1.34. The company has a 50-day moving average of $125.25 and a 200 day moving average of $117.40. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced 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 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 Announces Dividend

The company also recently announced 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

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.