Paragon Private Wealth Management LLC Purchases Shares of 2,192 Emerson Electric Co. (NYSE:EMR)

Paragon Private Wealth Management LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,192 shares of the industrial products company’s stock, valued at approximately $272,000.

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

Emerson Electric Price Performance

Shares of NYSE EMR opened at $111.73 on Tuesday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a 50 day simple moving average of $123.39 and a two-hundred day simple moving average of $118.78. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EMR shares. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Wells Fargo & Company upped 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. 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. Finally, Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $135.00 to $110.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.28.

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.