Woodmont Investment Counsel LLC Purchases 218 Shares of Emerson Electric Co. (NYSE:EMR)

Woodmont Investment Counsel LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,737 shares of the industrial products company’s stock after acquiring an additional 218 shares during the period. Woodmont Investment Counsel LLC’s holdings in Emerson Electric were worth $7,155,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Stephens Consulting LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. YANKCOM Partnership bought a new position in Emerson Electric during the 4th quarter worth $30,000. Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at $35,000. Finally, BankPlus Trust Department acquired a new stake in shares of Emerson Electric during the 4th quarter worth $40,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $112.92 on Monday. 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 Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36. The company has a fifty day moving average price of $121.60 and a 200-day moving average price of $119.27.

Emerson Electric (NYSE:EMR) last announced 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%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.87%. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EMR. KeyCorp upped their price objective 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. Citigroup started coverage on shares of Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 price target on the stock. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

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.