NEOS Investment Management LLC Acquires 16,178 Shares of Emerson Electric Co. (NYSE:EMR)

NEOS Investment Management LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,996 shares of the industrial products company’s stock after buying an additional 16,178 shares during the period. NEOS Investment Management LLC’s holdings in Emerson Electric were worth $8,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GDS Wealth Management boosted its position in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after buying an additional 79 shares during the period. Mcdonald Partners LLC boosted its holdings in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank grew its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 89 shares during the last quarter. Little House Capital LLC increased its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after buying an additional 89 shares during the period. Finally, Grove Bank & Trust raised its holdings in shares of Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 90 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Price Performance

EMR opened at $113.60 on Thursday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company’s 50-day simple moving average is $121.30 and its two-hundred day simple moving average is $119.46. The stock has a market capitalization of $64.06 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its earnings results 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 return on equity of 12.08% and a net margin of 13.74%. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.