Roxbury Financial LLC Acquires New Shares in Emerson Electric Co. (NYSE:EMR)

Roxbury Financial LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,301 shares of the industrial products company’s stock, valued at approximately $438,000.

Several other hedge funds also recently modified their holdings of EMR. GDS Wealth Management raised its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares during the period. Berkshire Bank raised its holdings in shares of Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 89 shares during the period. Grove Bank & Trust raised its holdings in shares of Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares during the period. Silver Lake Advisory LLC raised its holdings in shares of Emerson Electric by 0.4% in the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock worth $3,005,000 after purchasing an additional 90 shares during the period. Finally, Sargent Investment Group LLC raised its holdings in shares of Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock worth $2,012,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.6 %

Shares of NYSE:EMR opened at $123.30 on Friday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a fifty day moving average of $125.89 and a 200 day moving average of $117.06. The firm has a market capitalization of $70.22 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 annualized dividend and a yield of 1.71%. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMR shares. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. JPMorgan Chase & Co. lowered their target price 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, Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.90.

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.