Axxcess Wealth Management LLC Raises Position in Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,112 shares of the industrial products company’s stock after buying an additional 3,698 shares during the period. Axxcess Wealth Management LLC’s holdings in Emerson Electric were worth $6,706,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on EMR. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $135.00 to $110.00 in a report on Monday, March 10th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Stock Performance

EMR opened at $113.58 on Tuesday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. 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 fifty day moving average of $122.21 and a 200 day moving average of $119.03. The stock has a market capitalization of $64.05 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.