Iron Gate Global Advisors LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Iron Gate Global Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,624 shares of the industrial products company’s stock, valued at approximately $1,041,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the fourth quarter valued at $35,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EMR shares. Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Emerson Electric Stock Down 0.6 %

NYSE:EMR opened at $100.46 on Wednesday. The stock’s fifty day simple moving average is $113.15 and its 200-day simple moving average is $119.23. The firm has a market capitalization of $56.65 billion, a P/E ratio of 23.98, a P/E/G 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 Co. has a 12-month low of $90.06 and a 12-month 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 (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%. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 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.