Emerson Electric Co. (NYSE:EMR) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,756 shares of the industrial products company’s stock after purchasing an additional 3,995 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Emerson Electric were worth $9,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Tobam increased its holdings in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric during the fourth quarter valued at $35,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $39,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Emerson Electric during the fourth quarter valued at $39,000. Finally, MCF Advisors LLC increased its holdings in shares of Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Royal Bank of Canada lifted their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. KeyCorp lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Barclays lifted their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $120.56.

Check Out Our Latest Research Report on EMR

Emerson Electric Trading Up 0.8 %

NYSE:EMR opened at $113.42 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $116.76. The firm has a market capitalization of $64.89 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The stock has a fifty day simple moving average of $111.82 and a 200 day simple moving average of $102.23.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company posted $1.09 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. Emerson Electric’s payout ratio is presently 11.24%.

Emerson Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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