Vest Financial LLC Has $65.58 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Vest Financial LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 529,175 shares of the industrial products company’s stock after buying an additional 95,007 shares during the period. Emerson Electric comprises 1.2% of Vest Financial LLC’s investment portfolio, making the stock its 5th largest position. Vest Financial LLC owned 0.09% of Emerson Electric worth $65,581,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter worth $27,000. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter valued at about $25,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric in the fourth quarter worth about $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at about $29,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. KeyCorp lifted their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Down 2.4 %

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

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results 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 11.73% and a net margin of 11.25%. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.91 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. 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 is presently 61.70%.

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.