Larson Financial Group LLC Has $1.23 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Larson Financial Group LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,938 shares of the industrial products company’s stock after buying an additional 397 shares during the period. Larson Financial Group LLC’s holdings in Emerson Electric were worth $1,232,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Swedbank AB grew its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC grew its stake in Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares during the last quarter. M&G PLC grew its position in shares of Emerson Electric by 39.6% during the 3rd quarter. M&G PLC now owns 41,138 shares of the industrial products company’s stock worth $4,484,000 after purchasing an additional 11,668 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Emerson Electric by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after purchasing an additional 23,205 shares in the last quarter. Finally, AIA Group Ltd grew its position in shares of Emerson Electric by 37.1% during the 3rd quarter. AIA Group Ltd now owns 2,670 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 723 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $118.66 on Friday. The company has a market cap of $66.91 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $123.64 and a 200 day simple moving average of $118.63. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last issued 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%. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. 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. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.