Emerson Electric Co. (NYSE:EMR) Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,049 shares of the industrial products company’s stock after purchasing an additional 1,281 shares during the quarter. Waterloo Capital L.P.’s holdings in Emerson Electric were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric in the 4th quarter worth approximately $35,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays lowered their target price on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Citigroup began coverage on Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Stock Down 7.3 %

Shares of Emerson Electric stock opened at $94.47 on Monday. Emerson Electric Co. has a twelve month low of $90.84 and a twelve month high of $134.85. The stock has a market capitalization of $53.27 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.28. 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 business’s 50 day simple moving average is $118.39 and its 200-day simple moving average is $119.85.

Emerson Electric (NYSE:EMR) last released 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%. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.23%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.