Granite Investment Partners LLC Acquires 245 Shares of Emerson Electric Co. (NYSE:EMR)

Granite Investment Partners LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,800 shares of the industrial products company’s stock after buying an additional 245 shares during the period. Granite Investment Partners LLC’s holdings in Emerson Electric were worth $967,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares during the period. Morse Asset Management Inc acquired a new stake in Emerson Electric in the 3rd quarter valued at approximately $123,000. Tudor Financial Inc. bought a new stake in Emerson Electric in the 3rd quarter valued at approximately $355,000. Anchor Investment Management LLC grew its stake in shares of Emerson Electric by 4.4% during the 3rd quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock worth $3,350,000 after acquiring an additional 1,297 shares in the last quarter. Finally, World Investment Advisors LLC raised its holdings in shares of Emerson Electric by 20.7% in the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock valued at $1,613,000 after purchasing an additional 2,532 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays decreased their target price on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Citigroup assumed coverage on shares of Emerson Electric in a research note on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.39.

Emerson Electric Stock Up 0.6 %

Emerson Electric stock opened at $100.33 on Monday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The stock has a market cap of $56.57 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.49 and a beta of 1.28. The company’s 50-day moving average price is $114.17 and its two-hundred day moving average price is $119.42. 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 released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is 50.36%.

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.