Sequoia Financial Advisors LLC Acquires 2,026 Shares of Emerson Electric Co. (NYSE:EMR)

Sequoia Financial Advisors LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,467 shares of the industrial products company’s stock after buying an additional 2,026 shares during the period. Sequoia Financial Advisors LLC’s holdings in Emerson Electric were worth $2,413,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth about $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $29,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the 4th quarter worth about $30,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $112.11 on Friday. The company has a 50 day moving average price of $122.37 and a 200-day moving average price of $118.75. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market capitalization of $63.22 billion, a PE ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. 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 (NYSE:EMR) last posted its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.28.

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.