2,930 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,930 shares of the industrial products company’s stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Corient Private Wealth LLC increased its holdings in Emerson Electric by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 963,780 shares of the industrial products company’s stock worth $119,441,000 after purchasing an additional 5,224 shares during the last quarter. Natixis Advisors LLC grew its stake in Emerson Electric by 8.7% during the 4th quarter. Natixis Advisors LLC now owns 360,988 shares of the industrial products company’s stock worth $44,737,000 after buying an additional 29,022 shares during the last quarter. Van Strum & Towne Inc. grew its stake in Emerson Electric by 0.7% during the 4th quarter. Van Strum & Towne Inc. now owns 46,659 shares of the industrial products company’s stock worth $5,782,000 after buying an additional 341 shares during the last quarter. Catalyst Funds Management Pty Ltd grew its stake in Emerson Electric by 83.3% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 6,600 shares of the industrial products company’s stock worth $818,000 after buying an additional 3,000 shares during the last quarter. Finally, Zevin Asset Management LLC grew its stake in Emerson Electric by 9.5% during the 4th quarter. Zevin Asset Management LLC now owns 151,452 shares of the industrial products company’s stock worth $18,769,000 after buying an additional 13,110 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $112.11 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 company has a market capitalization of $63.22 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. The stock has a fifty day simple moving average of $122.37 and a 200 day simple moving average of $118.85. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.88%. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMR. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $136.28.

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.