BankPlus Trust Department Acquires New Position in Emerson Electric Co. (NYSE:EMR)

BankPlus Trust Department acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 326 shares of the industrial products company’s stock, valued at approximately $40,000.

A number of other institutional investors have also recently made changes to their positions in EMR. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Emerson Electric by 24.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock worth $4,439,000 after acquiring an additional 8,064 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Emerson Electric by 87.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,441 shares of the industrial products company’s stock worth $486,000 after acquiring an additional 2,072 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Emerson Electric by 4.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,951 shares of the industrial products company’s stock worth $7,431,000 after acquiring an additional 2,650 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Price Performance

Emerson Electric stock opened at $119.68 on Wednesday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The stock has a market capitalization of $67.49 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.49 and a beta of 1.34. The firm’s 50-day moving average is $124.72 and its two-hundred day moving average is $117.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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 year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. Emerson Electric’s payout ratio is currently 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.