Emerson Electric Co. (NYSE:EMR) Shares Purchased by Plan Group Financial LLC

Plan Group Financial LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,048 shares of the industrial products company’s stock after purchasing an additional 145 shares during the period. Plan Group Financial LLC’s holdings in Emerson Electric were worth $378,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EMR. Wilmington Savings Fund Society FSB increased its stake in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC increased its position in shares of Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the period. Larson Financial Group LLC raised its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 5,393 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new stake in Emerson Electric during the 3rd quarter worth about $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.3 %

EMR stock opened at $125.00 on Wednesday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The company has a fifty day moving average of $125.51 and a 200-day moving average of $117.30. The stock has a market capitalization of $70.49 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. As a group, analysts expect that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EMR shares. Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. KeyCorp raised their price objective 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. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.