Fidelis Capital Partners LLC Has $1.09 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Fidelis Capital Partners LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.1% during the 4th quarter, Holdings Channel reports. The firm owned 8,511 shares of the industrial products company’s stock after buying an additional 1,180 shares during the period. Fidelis Capital Partners LLC’s holdings in Emerson Electric were worth $1,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $166,000. Alesco Advisors LLC increased its holdings in shares of Emerson Electric by 9.1% during the 4th quarter. Alesco Advisors LLC now owns 2,619 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 219 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $288,000. Jones Financial Companies Lllp increased its holdings in shares of Emerson Electric by 40.7% during the 4th quarter. Jones Financial Companies Lllp now owns 256,434 shares of the industrial products company’s stock worth $31,780,000 after acquiring an additional 74,166 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Emerson Electric by 26.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 4,495 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 949 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $116.95 on Tuesday. The stock has a fifty day moving average price of $124.44 and a 200-day moving average price of $118.37. The company has a market cap of $65.95 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last announced 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%. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.80%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Barclays upped their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.90.

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.