Bradley Foster & Sargent Inc. CT Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Bradley Foster & Sargent Inc. CT raised its holdings in Emerson Electric Co. (NYSE:EMR) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,901 shares of the industrial products company’s stock after buying an additional 176 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Emerson Electric were worth $4,201,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter worth about $25,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the third quarter worth about $29,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR opened at $121.88 on Friday. The company’s 50-day simple moving average is $125.08 and its two-hundred day simple moving average is $117.51. 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 stock has a market capitalization of $68.73 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $136.90.

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.