Lee Danner & Bass Inc. Buys Shares of 1,430 Emerson Electric Co. (NYSE:EMR)

Lee Danner & Bass Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,430 shares of the industrial products company’s stock, valued at approximately $177,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Emerson Electric by 2.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 54,526 shares of the industrial products company’s stock valued at $6,757,000 after buying an additional 1,324 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at about $238,000. Teacher Retirement System of Texas lifted its holdings in shares of Emerson Electric by 227.8% during the 4th quarter. Teacher Retirement System of Texas now owns 117,246 shares of the industrial products company’s stock valued at $14,530,000 after buying an additional 81,481 shares during the last quarter. Sandy Spring Bank lifted its holdings in shares of Emerson Electric by 10.9% during the 4th quarter. Sandy Spring Bank now owns 6,461 shares of the industrial products company’s stock valued at $801,000 after buying an additional 637 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Emerson Electric by 4.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 245,714 shares of the industrial products company’s stock valued at $30,451,000 after buying an additional 10,513 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $112.92 on Friday. The business’s fifty day moving average price is $121.60 and its two-hundred day moving average price is $119.02. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, 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 current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. 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. Wells Fargo & Company boosted 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. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.22.

About Emerson Electric

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.