Lee Danner & Bass Inc. Takes Position in Emerson Electric Co. (NYSE:EMR)

Lee Danner & Bass Inc. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,430 shares of the industrial products company’s stock, valued at approximately $177,000.

Other large investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter valued at about $29,000. YANKCOM Partnership acquired a new position in Emerson Electric in the fourth quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on EMR. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Stock Up 1.0 %

EMR stock opened at $112.92 on Friday. 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 business has a 50 day moving average price of $121.60 and a two-hundred day moving average price of $119.02. The company has a market cap of $63.67 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s payout ratio is 50.36%.

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.