Linscomb Wealth Inc. Purchases 339 Shares of Emerson Electric Co. (NYSE:EMR)

Linscomb Wealth Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,358 shares of the industrial products company’s stock after acquiring an additional 339 shares during the period. Linscomb Wealth Inc.’s holdings in Emerson Electric were worth $4,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Wilmington Savings Fund Society FSB increased its stake in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC grew its holdings in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Larson Financial Group LLC increased its position in Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 5,393 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after acquiring an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of Emerson Electric during the third quarter worth $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Morgan Stanley raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $120.03 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock’s 50 day moving average is $124.62 and its 200-day moving average is $117.95. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $67.68 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.49 and a beta of 1.34.

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, beating 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%. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.