Sepio Capital LP Acquires Shares of 1,648 Emerson Electric Co. (NYSE:EMR)

Sepio Capital LP bought a new position in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,648 shares of the industrial products company’s stock, valued at approximately $204,000.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its stake in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the last quarter. Centiva Capital LP lifted its position in shares of Emerson Electric by 15.1% during the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 506 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Emerson Electric during the third quarter valued at $123,000. Kovitz Investment Group Partners LLC increased its stake in Emerson Electric by 1,333.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 56,846 shares of the industrial products company’s stock worth $6,217,000 after buying an additional 52,880 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in Emerson Electric by 78.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 37,371 shares of the industrial products company’s stock valued at $4,087,000 after buying an additional 16,388 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $94.47 on Monday. The firm has a market capitalization of $53.27 billion, a P/E ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.84 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $118.39 and a 200 day moving average price of $119.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. Sell-side analysts expect 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 was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. KeyCorp upped their price objective 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. Citigroup assumed coverage on shares of Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.94.

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.