Independent Advisor Alliance Purchases 1,359 Shares of Emerson Electric Co. (NYSE:EMR)

Independent Advisor Alliance lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,740 shares of the industrial products company’s stock after acquiring an additional 1,359 shares during the period. Independent Advisor Alliance’s holdings in Emerson Electric were worth $4,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter worth about $25,000. YANKCOM Partnership bought a new position in Emerson Electric during the 4th quarter valued at about $30,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the third quarter worth approximately $29,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $110.62 on Wednesday. The business has a 50-day moving average price of $123.12 and a 200-day moving average price of $118.82. The firm has a market cap of $62.38 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. 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 (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research analyst reports. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $135.00 to $110.00 in a report on Monday. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

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.