Polymer Capital Management US LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Polymer Capital Management US LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,400 shares of the industrial products company’s stock, valued at approximately $2,404,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric during the fourth quarter worth $28,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter valued at $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $94.47 on Monday. The company has a market cap of $53.27 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.84 and a 52 week high of $134.85. The firm has a 50 day moving average of $118.39 and a 200-day moving average of $119.85. 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 quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.23%. Emerson Electric’s dividend payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EMR. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays dropped their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday, March 26th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Finally, Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

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.