Emerson Electric Co. (NYSE:EMR) Holdings Increased by IFP Advisors Inc

IFP Advisors Inc increased its stake in Emerson Electric Co. (NYSE:EMR) by 92.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,146 shares of the industrial products company’s stock after acquiring an additional 5,350 shares during the period. IFP Advisors Inc’s holdings in Emerson Electric were worth $1,381,000 at the end of the most recent reporting period.

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

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $119.72 on Thursday. The firm has a market cap of $67.51 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year 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. The business has a fifty day simple moving average of $124.67 and a 200 day simple moving average of $117.94.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 1.76%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.90.

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.