Crestwood Advisors Group LLC Buys 647 Shares of Emerson Electric Co. (NYSE:EMR)

Crestwood Advisors Group LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,235 shares of the industrial products company’s stock after purchasing an additional 647 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Emerson Electric were worth $5,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. GDS Wealth Management raised its holdings in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 79 shares during the period. Mcdonald Partners LLC increased its stake in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank lifted its position in shares of Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 89 shares during the last quarter. Little House Capital LLC boosted its stake in Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust increased its position in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EMR shares. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Down 1.0 %

Shares of NYSE:EMR opened at $120.63 on Tuesday. The company has a market capitalization of $68.02 billion, a PE ratio of 28.79, a P/E/G ratio of 2.49 and a beta of 1.34. 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 company’s fifty day moving average is $124.89 and its 200-day moving average is $117.81. 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, 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%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.