Naples Global Advisors LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Naples Global Advisors LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,863 shares of the industrial products company’s stock after purchasing an additional 280 shares during the quarter. Naples Global Advisors LLC’s holdings in Emerson Electric were worth $4,073,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently issued reports on EMR. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Down 1.9 %

Shares of EMR stock opened at $124.45 on Thursday. The company has a market capitalization of $70.88 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The company’s fifty day moving average price is $126.24 and its 200-day moving average price is $116.95. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

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, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.70%. Emerson Electric’s payout ratio is 50.36%.

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.