Fidelis Capital Partners LLC Acquires 1,180 Shares of Emerson Electric Co. (NYSE:EMR)

Fidelis Capital Partners LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 16.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,511 shares of the industrial products company’s stock after purchasing an additional 1,180 shares during the period. Fidelis Capital Partners LLC’s holdings in Emerson Electric were worth $1,088,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EMR. Wilmington Savings Fund Society FSB increased its position in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC increased its position in Emerson Electric by 1.4% in 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 period. Larson Financial Group LLC increased its position in Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the period. GHP Investment Advisors Inc. increased its position in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new stake in Emerson Electric in the third quarter worth about $443,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. KeyCorp raised 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. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Down 3.8 %

NYSE EMR opened at $116.95 on Tuesday. The stock has a market capitalization of $65.95 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.49 and a beta of 1.34. The stock’s 50 day moving average price is $124.44 and its two-hundred day moving average price is $118.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results 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 return on equity of 12.08% and a net margin of 13.74%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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