5,291 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Clare Market Investments LLC

Clare Market Investments LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,291 shares of the industrial products company’s stock, valued at approximately $656,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vista Investment Partners II LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $224,000. Independent Advisor Alliance raised its holdings in shares of Emerson Electric by 4.3% in the 4th quarter. Independent Advisor Alliance now owns 32,740 shares of the industrial products company’s stock worth $4,058,000 after purchasing an additional 1,359 shares during the period. Paragon Private Wealth Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $272,000. Daiwa Securities Group Inc. raised its holdings in shares of Emerson Electric by 26.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 151,235 shares of the industrial products company’s stock worth $18,743,000 after purchasing an additional 31,667 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Emerson Electric by 6.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,475 shares of the industrial products company’s stock worth $32,405,000 after purchasing an additional 15,771 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. 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. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group began 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. Finally, Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.28.

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 business has a 50 day moving average price of $123.39 and a two-hundred day moving average price of $118.78. 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 firm has a market cap of $63.00 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

About Emerson Electric

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.