Pacific Sun Financial Corp Invests $211,000 in Emerson Electric Co. (NYSE:EMR)

Pacific Sun Financial Corp acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,700 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth about $25,000. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter valued at $29,000. Finally, YANKCOM Partnership bought a new stake in Emerson Electric during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Finally, KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $124.47 on Thursday. The business has a 50-day moving average of $125.38 and a two-hundred day moving average of $117.35. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $70.19 billion, a PE ratio of 29.71, a P/E/G ratio of 2.46 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.70%. Emerson Electric’s payout ratio is 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.