Emerson Electric Co. (NYSE:EMR) Position Boosted by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,439 shares of the industrial products company’s stock after purchasing an additional 154 shares during the period. Avantax Planning Partners Inc.’s holdings in Emerson Electric were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter worth about $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $29,000. Finally, YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter worth about $30,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EMR. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric Price Performance

Shares of EMR opened at $110.62 on Wednesday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The firm has a market cap of $62.38 billion, a PE ratio of 26.40, a PEG 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. The firm’s 50 day moving average price is $123.12 and its 200 day moving average price is $118.82.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is 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.