Asset Planning Inc Invests $82,000 in Emerson Electric Co. (NYSE:EMR)

Asset Planning Inc purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 661 shares of the industrial products company’s stock, valued at approximately $82,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. V Square Quantitative Management LLC raised its holdings in shares of Emerson Electric by 6.5% in the 4th quarter. V Square Quantitative Management LLC now owns 4,235 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 258 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Emerson Electric by 5.5% in the fourth quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company’s stock valued at $21,260,000 after purchasing an additional 8,971 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in Emerson Electric by 5.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 130 shares during the last quarter. Buckhead Capital Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $2,126,000. Finally, SFE Investment Counsel increased its position in Emerson Electric by 4.0% during the 4th quarter. SFE Investment Counsel now owns 6,005 shares of the industrial products company’s stock valued at $744,000 after purchasing an additional 230 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EMR. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Up 0.6 %

NYSE EMR opened at $125.26 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The firm has a market cap of $70.63 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.16 and a beta of 1.34. The firm has a 50 day simple moving average of $126.04 and a 200-day simple moving average of $117.01.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Emerson Electric 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.