Emerson Electric Co. (NYSE:EMR) Shares Bought by Sandy Spring Bank

Sandy Spring Bank grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 10.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,461 shares of the industrial products company’s stock after purchasing an additional 637 shares during the quarter. Sandy Spring Bank’s holdings in Emerson Electric were worth $801,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. grew its holdings in Emerson Electric by 4.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 245,714 shares of the industrial products company’s stock worth $30,451,000 after acquiring an additional 10,513 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $1,412,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $118,000. Vinva Investment Management Ltd boosted its holdings in shares of Emerson Electric by 256.4% in the 4th quarter. Vinva Investment Management Ltd now owns 19,549 shares of the industrial products company’s stock valued at $2,429,000 after buying an additional 14,064 shares during the period. Finally, Stokes Family Office LLC boosted its holdings in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 4,480 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.0 %

EMR stock opened at $112.92 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is $121.60 and its two-hundred day moving average is $119.02. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. KeyCorp lifted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.22.

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.