Sovereign Investment Advisors LLC Acquires New Shares in Emerson Electric Co. (NYSE:EMR)

Sovereign Investment Advisors LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,930 shares of the industrial products company’s stock, valued at approximately $363,000.

A number of other hedge funds have also bought and sold shares of EMR. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter worth $29,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter worth $30,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EMR shares. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric Price Performance

Shares of EMR opened at $112.11 on Friday. The stock has a market cap of $63.22 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. 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 fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm’s 50-day simple moving average is $122.37 and its two-hundred day simple moving average is $118.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.