Saturna Capital Corp Acquires Shares of 9,121 Emerson Electric Co. (NYSE:EMR)

Saturna Capital Corp bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 9,121 shares of the industrial products company’s stock, valued at approximately $1,130,000.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the 3rd quarter valued at $25,000. Stephens Consulting LLC bought a new position in shares of Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the fourth quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the third quarter valued at about $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $110.62 on Wednesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a market capitalization of $62.38 billion, a PE ratio of 26.40, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50-day moving average price of $123.12 and a 200 day moving average price of $118.82. 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 announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EMR. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

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.