Syverson Strege & Co Has $705,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Syverson Strege & Co increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,686 shares of the industrial products company’s stock after acquiring an additional 173 shares during the period. Syverson Strege & Co’s holdings in Emerson Electric were worth $705,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. GDS Wealth Management boosted its holdings in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC raised its position in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank lifted its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after buying an additional 89 shares during the period. Little House Capital LLC increased its stake in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after acquiring an additional 89 shares during the period. Finally, Grove Bank & Trust raised its holdings in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EMR shares. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Citigroup assumed coverage on shares of Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Stock Up 2.1 %

Shares of NYSE EMR opened at $115.44 on Tuesday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm’s 50-day moving average is $121.53 and its 200-day moving average is $119.38. 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 firm has a market capitalization of $65.09 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

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%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

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.