Vivid Wealth Management LLC Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Vivid Wealth Management LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,329 shares of the industrial products company’s stock after purchasing an additional 249 shares during the period. Vivid Wealth Management LLC’s holdings in Emerson Electric were worth $2,395,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new position in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at approximately $29,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EMR shares. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Price Performance

Emerson Electric stock opened at $123.30 on Friday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The business has a fifty day moving average of $125.89 and a two-hundred day moving average of $117.06. The company has a market cap of $70.22 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. 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.