Ipsen Advisor Group LLC Purchases New Position in Emerson Electric Co. (NYSE:EMR)

Ipsen Advisor Group LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,221 shares of the industrial products company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC boosted its stake in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Emerson Electric by 3.0% during the 3rd quarter. Summit Trail Advisors LLC now owns 9,273 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 273 shares during the period. Fisher Asset Management LLC grew its holdings in Emerson Electric by 149.9% during the 3rd quarter. Fisher Asset Management LLC now owns 609,216 shares of the industrial products company’s stock worth $66,630,000 after acquiring an additional 365,386 shares during the last quarter. Independent Advisor Alliance increased its position in Emerson Electric by 0.6% in the 3rd quarter. Independent Advisor Alliance now owns 31,381 shares of the industrial products company’s stock valued at $3,432,000 after acquiring an additional 176 shares during the period. Finally, DRW Securities LLC lifted its holdings in shares of Emerson Electric by 195.8% during the third quarter. DRW Securities LLC now owns 6,272 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 4,152 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $135.00 to $110.00 in a report on Monday, March 10th. Morgan Stanley boosted 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, Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $115.21 on Wednesday. The company has a market cap of $64.97 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.49 and a beta of 1.36. The firm’s fifty day moving average is $121.44 and its two-hundred day moving average is $119.50. 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 posted its earnings results 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 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 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.83%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.