Emerson Electric Co. (NYSE:EMR) Shares Acquired by Trek Financial LLC

Trek Financial LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 40.9% in the 4th quarter, Holdings Channel reports. The firm owned 7,733 shares of the industrial products company’s stock after purchasing an additional 2,243 shares during the period. Trek Financial LLC’s holdings in Emerson Electric were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Garrison Point Advisors LLC lifted its position in shares of Emerson Electric by 69.9% in the fourth quarter. Garrison Point Advisors LLC now owns 9,314 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 3,831 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Emerson Electric in the 4th quarter valued at $144,000. Sepio Capital LP purchased a new position in Emerson Electric in the 4th quarter valued at $204,000. Waterloo Capital L.P. boosted its stake in Emerson Electric by 13.1% during the 4th quarter. Waterloo Capital L.P. now owns 11,049 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Emerson Electric by 16.3% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 178,500 shares of the industrial products company’s stock worth $22,122,000 after buying an additional 25,000 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 7.3 %

NYSE:EMR opened at $94.47 on Monday. Emerson Electric Co. has a 52 week low of $90.84 and a 52 week high of $134.85. The stock’s fifty day moving average is $118.39 and its two-hundred day moving average is $119.85. The stock has a market capitalization of $53.27 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EMR. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Barclays cut their price target on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday, March 26th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

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.