Avestar Capital LLC Acquires 325 Shares of Emerson Electric Co. (NYSE:EMR)

Avestar Capital LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,255 shares of the industrial products company’s stock after acquiring an additional 325 shares during the period. Avestar Capital LLC’s holdings in Emerson Electric were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its holdings in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. State Street Corp grew its stake in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Swedbank AB increased its holdings in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Finally, Sarasin & Partners LLP lifted its stake in Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after purchasing an additional 965,731 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock opened at $125.26 on Friday. The firm has a market cap of $70.63 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.16 and a beta of 1.34. 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 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $126.04 and its two-hundred day simple moving average is $117.01.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Analysts predict that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

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 is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.