Forum Financial Management LP Purchases 953 Shares of Emerson Electric Co. (NYSE:EMR)

Forum Financial Management LP boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 19.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,732 shares of the industrial products company’s stock after buying an additional 953 shares during the quarter. Forum Financial Management LP’s holdings in Emerson Electric were worth $710,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its position in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the last quarter. Morse Asset Management Inc acquired a new position in Emerson Electric during the third quarter valued at approximately $123,000. Tudor Financial Inc. bought a new stake in Emerson Electric in the third quarter valued at approximately $355,000. Anchor Investment Management LLC raised its holdings in Emerson Electric by 4.4% in the third quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock worth $3,350,000 after purchasing an additional 1,297 shares during the period. Finally, World Investment Advisors LLC boosted its position in shares of Emerson Electric by 20.7% during the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock worth $1,613,000 after purchasing an additional 2,532 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on EMR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Citigroup decreased their price objective on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.67.

Emerson Electric Price Performance

Shares of EMR opened at $99.55 on Friday. The firm has a market capitalization of $56.14 billion, a PE ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company’s 50-day moving average is $111.55 and its 200-day moving average is $119.01.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.