Larson Financial Group LLC Purchases 397 Shares of Emerson Electric Co. (NYSE:EMR)

Larson Financial Group LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,938 shares of the industrial products company’s stock after acquiring an additional 397 shares during the period. Larson Financial Group LLC’s holdings in Emerson Electric were worth $1,232,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at about $25,000. Stephens Consulting LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter valued at about $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric in the fourth quarter valued at about $30,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.0 %

EMR stock opened at $118.66 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $123.64 and a two-hundred day moving average price of $118.63. The company has a market cap of $66.91 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results 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 return on equity of 12.08% and a net margin of 13.74%. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. 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 1.78%. Emerson Electric’s dividend payout ratio is 50.36%.

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

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.