Buckhead Capital Management LLC Invests $2.13 Million in Emerson Electric Co. (NYSE:EMR)

Buckhead Capital Management LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,154 shares of the industrial products company’s stock, valued at approximately $2,126,000.

Other institutional investors have also bought and sold shares of the company. Creative Planning raised its holdings in Emerson Electric by 1.5% during the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock worth $20,201,000 after buying an additional 2,768 shares during the period. Swedbank AB increased its position in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Emerson Electric by 45.8% during the third quarter. Vontobel Holding Ltd. now owns 162,575 shares of the industrial products company’s stock valued at $17,781,000 after acquiring an additional 51,043 shares during the period. Twelve Points Wealth Management LLC lifted its position in shares of Emerson Electric by 9.3% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 9,514 shares of the industrial products company’s stock valued at $1,041,000 after acquiring an additional 807 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC grew its position in Emerson Electric by 3.9% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company’s stock worth $1,085,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $125.26 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market cap of $70.63 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.16 and a beta of 1.34. The business’s 50 day moving average is $126.04 and its two-hundred day moving average is $117.01. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid 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 1.68%. Emerson Electric’s dividend payout ratio is 50.36%.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

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.