Allworth Financial LP Acquires 2,127 Shares of Emerson Electric Co. (NYSE:EMR)

Allworth Financial LP increased its holdings in Emerson Electric Co. (NYSE:EMR) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,280 shares of the industrial products company’s stock after purchasing an additional 2,127 shares during the period. Allworth Financial LP’s holdings in Emerson Electric were worth $2,635,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EMR. Creative Planning increased its position in Emerson Electric by 1.5% in the third quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock worth $20,201,000 after purchasing an additional 2,768 shares during the last quarter. Swedbank AB increased its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC increased its position in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the last quarter. Blue Trust Inc. increased its position in Emerson Electric by 61.1% during the third quarter. Blue Trust Inc. now owns 6,523 shares of the industrial products company’s stock valued at $719,000 after acquiring an additional 2,475 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its position in Emerson Electric by 6.4% during the third quarter. Revolve Wealth Partners LLC now owns 2,176 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock opened at $123.30 on Tuesday. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34. The firm has a 50-day simple moving average of $125.73 and a two-hundred day simple moving average of $117.11. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. On average, equities analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current fiscal 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 1.71%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMR. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

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.