Maple Capital Management Inc. Takes $214,000 Position in Emerson Electric Co. (NYSE:EMR)

Maple Capital Management Inc. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,726 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter worth $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth $29,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the 4th quarter worth $30,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EMR shares. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Barclays increased their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Stock Performance

Emerson Electric stock opened at $121.62 on Friday. The firm has a 50 day simple moving average of $124.57 and a 200-day simple moving average of $118.08. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year 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 stock has a market cap of $68.58 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.49 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 earnings per share (EPS) for the quarter, topping 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, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, February 14th. 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.