Fayez Sarofim & Co Buys 7,320 Shares of Emerson Electric Co. (NYSE:EMR)

Fayez Sarofim & Co raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 26.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,170 shares of the industrial products company’s stock after purchasing an additional 7,320 shares during the quarter. Fayez Sarofim & Co’s holdings in Emerson Electric were worth $4,359,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the 4th quarter valued at $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric during the fourth quarter valued at about $35,000. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on EMR shares. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Citigroup lowered their price objective on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.67.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $96.39 on Tuesday. The company has a 50-day moving average price of $110.99 and a two-hundred day moving average price of $118.97. The firm has a market capitalization of $54.35 billion, a PE ratio of 23.00, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. 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%. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.