Emerson Electric Co. (NYSE:EMR) Shares Acquired by Essex Financial Services Inc.

Essex Financial Services Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,413 shares of the industrial products company’s stock after buying an additional 339 shares during the period. Essex Financial Services Inc.’s holdings in Emerson Electric were worth $1,167,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its position in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. State Street Corp raised its position in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Swedbank AB grew its position in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Sarasin & Partners LLP grew its position in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after purchasing an additional 965,731 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research reports. Barclays raised their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Finally, Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Price Performance

EMR stock opened at $126.94 on Wednesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $72.30 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The business has a fifty day moving average of $126.37 and a two-hundred day moving average of $116.88.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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, research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. Emerson Electric’s payout ratio is currently 50.36%.

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.