Congress Wealth Management LLC DE Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Congress Wealth Management LLC DE purchased a new position in 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 2,138 shares of the industrial products company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. YANKCOM Partnership bought a new stake in Emerson Electric during the fourth quarter valued at approximately $30,000. Fiduciary Advisors Inc. purchased a new position in Emerson Electric in the 4th quarter worth approximately $35,000. Finally, BankPlus Trust Department bought a new position in shares of Emerson Electric in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EMR. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Barclays reduced their price objective on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company upped their price objective 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 analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Price Performance

EMR opened at $108.56 on Friday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $120.75 and a two-hundred day simple moving average of $119.61.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results 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%. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s payout ratio is currently 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.