Angeles Wealth Management LLC Makes New $226,000 Investment in Emerson Electric Co. (NYSE:EMR)

Angeles Wealth Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel.com reports. The firm bought 1,823 shares of the industrial products company’s stock, valued at approximately $226,000.

Several other institutional investors also recently modified their holdings of EMR. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the fourth quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter valued at about $25,000. YANKCOM Partnership bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 1.9 %

Shares of NYSE EMR opened at $126.71 on Tuesday. The stock has a market capitalization of $72.17 billion, a P/E ratio of 30.24, a PEG ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The firm’s 50 day simple moving average is $126.51 and its two-hundred day simple moving average is $116.80.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

EMR has been the subject of a number of recent research reports. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.