DMKC Advisory Services LLC Purchases New Shares in Emerson Electric Co. (NYSE:EMR)

DMKC Advisory Services LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,889 shares of the industrial products company’s stock, valued at approximately $2,217,000. Emerson Electric accounts for 2.0% of DMKC Advisory Services LLC’s portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter worth approximately $30,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price 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 note on Monday, December 2nd. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Down 0.8 %

NYSE EMR opened at $119.68 on Wednesday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a market capitalization of $67.49 billion, a P/E ratio of 28.56, a PEG ratio of 2.49 and a beta of 1.34. The firm’s 50-day moving average is $124.72 and its two-hundred day moving average is $117.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 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.