Oppenheimer Asset Management Inc. Buys 984 Shares of Emerson Electric Co. (NYSE:EMR)

Oppenheimer Asset Management Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 164,239 shares of the industrial products company’s stock after purchasing an additional 984 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Emerson Electric were worth $20,354,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter worth approximately $25,000. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the third quarter worth approximately $29,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric in the fourth quarter worth approximately $30,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $119.72 on Thursday. 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 market cap of $67.51 billion, a PE ratio of 28.57, a P/E/G ratio of 2.49 and a beta of 1.34. The business has a 50 day moving average of $124.67 and a 200 day moving average of $117.94. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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 return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. KeyCorp upped their target price 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 assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.