Sage Mountain Advisors LLC Purchases 481 Shares of Emerson Electric Co. (NYSE:EMR)

Sage Mountain Advisors LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 15.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,550 shares of the industrial products company’s stock after acquiring an additional 481 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Emerson Electric were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swedbank AB lifted its stake in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC lifted its position 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 buying an additional 180 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $25,000. CWA Asset Management Group LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $437,000. Finally, Assetmark Inc. lifted its position in Emerson Electric by 16.5% during the third quarter. Assetmark Inc. now owns 7,759 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 1,097 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 1.1 %

Shares of NYSE:EMR opened at $110.62 on Wednesday. The company has a market capitalization of $62.38 billion, a PE ratio of 26.40, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The business has a 50 day moving average of $123.12 and a two-hundred day moving average of $118.82. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results 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 net margin of 13.74% and a return on equity of 12.08%. As a group, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.91%. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $135.00 to $110.00 in a report on Monday. Finally, Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.28.

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.