Spectrum Asset Management Inc. NB CA Purchases 153 Shares of Emerson Electric Co. (NYSE:EMR)

Spectrum Asset Management Inc. NB CA increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,968 shares of the industrial products company’s stock after acquiring an additional 153 shares during the quarter. Emerson Electric comprises 1.6% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 23rd biggest holding. Spectrum Asset Management Inc. NB CA’s holdings in Emerson Electric were worth $3,590,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EMR. Wilmington Savings Fund Society FSB grew its position in shares of Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 5,393 shares during the last quarter. V Square Quantitative Management LLC raised its position in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $443,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.2 %

Emerson Electric stock opened at $127.49 on Friday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm’s fifty day moving average price is $126.78 and its 200-day moving average price is $116.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market cap of $72.61 billion, a P/E ratio of 37.28, a PEG ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. Equities research analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EMR. BNP Paribas initiated 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. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.