1,646 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by MGB Wealth Management LLC

MGB Wealth Management LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,646 shares of the industrial products company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after acquiring an additional 581,102 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 162,985 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after acquiring an additional 375,470 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Down 1.9 %

EMR opened at $124.45 on Thursday. The firm has a market capitalization of $70.88 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a fifty day moving average price of $126.24 and a 200-day moving average price of $116.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EMR. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research note 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 given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.