HITE Hedge Asset Management LLC Takes $4.31 Million Position in Emerson Electric Co. (NYSE:EMR)

HITE Hedge Asset Management LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,791 shares of the industrial products company’s stock, valued at approximately $4,312,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GDS Wealth Management lifted its holdings in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC lifted its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after buying an additional 81 shares in the last quarter. Berkshire Bank boosted its position in shares of Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC increased its holdings in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after acquiring an additional 89 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EMR. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Finally, Citigroup lowered their price target on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Emerson Electric Price Performance

Shares of EMR opened at $99.55 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $56.14 billion, a PE ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. The firm has a 50-day simple moving average of $112.09 and a two-hundred day simple moving average of $119.02. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. 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. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. 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.