Flagship Wealth Advisors LLC Makes New $310,000 Investment in Emerson Electric Co. (NYSE:EMR)

Flagship Wealth Advisors LLC bought a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,500 shares of the industrial products company’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $27,000. YANKCOM Partnership bought a new stake in Emerson Electric during the fourth quarter valued at about $30,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter valued at about $29,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $35,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EMR. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Stock Performance

Shares of EMR opened at $112.11 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $63.22 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company’s 50 day simple moving average is $122.37 and its 200 day simple moving average is $118.96.

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 net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.88%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric 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.