RFG Bristol Wealth Advisors LLC Makes New $247,000 Investment in Emerson Electric Co. (NYSE:EMR)

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,994 shares of the industrial products company’s stock, valued at approximately $247,000.

A number of other institutional investors have also made changes to their positions in the stock. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth $28,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth about $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $111.64 on Thursday. The business has a fifty day moving average of $119.70 and a 200-day moving average of $119.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The firm has a market cap of $62.95 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its 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 net margin of 13.74% and a return on equity of 12.08%. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent analyst reports. Barclays dropped their price target on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company upped their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

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.