Shoker Investment Counsel Inc. Acquires 236 Shares of Emerson Electric Co. (NYSE:EMR)

Shoker Investment Counsel Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,641 shares of the industrial products company’s stock after acquiring an additional 236 shares during the period. Shoker Investment Counsel Inc.’s holdings in Emerson Electric were worth $2,930,000 at the end of the most recent reporting period.

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

Emerson Electric Price Performance

EMR opened at $120.03 on Friday. The business has a fifty day moving average of $124.62 and a 200 day moving average of $117.95. The stock has a market cap of $67.68 billion, a P/E ratio of 28.65, a PEG ratio of 2.49 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last posted 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 net margin of 13.74% and a return on equity of 12.08%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One equities 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

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.