Avidian Wealth Enterprises LLC Buys 204 Shares of Emerson Electric Co. (NYSE:EMR)

Avidian Wealth Enterprises LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,315 shares of the industrial products company’s stock after acquiring an additional 204 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Emerson Electric were worth $411,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

EMR has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Up 0.6 %

NYSE:EMR opened at $125.26 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm has a fifty day simple moving average of $126.04 and a 200-day simple moving average of $117.01. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $70.63 billion, a P/E ratio of 29.89, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its earnings results 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%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric’s dividend payout ratio is presently 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.