Emerson Electric Co. (NYSE:EMR) Stock Position Raised by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,951 shares of the industrial products company’s stock after purchasing an additional 1,418 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Emerson Electric were worth $4,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Creative Planning increased its holdings in shares of Emerson Electric by 1.5% during the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after acquiring an additional 2,768 shares during the last quarter. Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Emerson Electric by 3.9% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company’s stock valued at $1,085,000 after acquiring an additional 371 shares during the last quarter. Buffington Mohr McNeal acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $221,000. Finally, Teamwork Financial Advisors LLC acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $3,275,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $123.30 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The company has a market capitalization of $70.22 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The business has a 50 day simple moving average of $125.89 and a 200 day simple moving average of $117.06.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.71%. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EMR shares. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen 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 $136.90.

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.