SVB Wealth LLC Buys New Stake in Emerson Electric Co. (NYSE:EMR)

SVB Wealth LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,180 shares of the industrial products company’s stock, valued at approximately $766,000.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter worth approximately $25,000. Stephens Consulting LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric during the 4th quarter worth $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR stock opened at $116.95 on Tuesday. 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 stock has a 50 day simple moving average of $124.44 and a 200-day simple moving average of $118.37. The company has a market cap of $65.95 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 12-month low of $96.62 and a 12-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 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%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.80%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

Several research firms have issued reports on EMR. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.