Redmond Asset Management LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Redmond Asset Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,260 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. Redmond Asset Management LLC’s holdings in Emerson Electric were worth $280,000 at the end of the most recent quarter.

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

Emerson Electric Stock Down 2.3 %

Shares of EMR stock opened at $121.88 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a market cap of $68.73 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.49 and a beta of 1.34. 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 company has a 50 day simple moving average of $125.08 and a two-hundred day simple moving average of $117.57.

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

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their target price 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. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

About Emerson Electric

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.