Emerson Electric Co. (NYSE:EMR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,090 shares of the industrial products company’s stock after purchasing an additional 5,165 shares during the period. Oppenheimer & Co. Inc.’s holdings in Emerson Electric were worth $12,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Swedbank AB raised its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC increased its holdings in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Emerson Electric by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock worth $4,439,000 after acquiring an additional 8,064 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of Emerson Electric by 87.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,441 shares of the industrial products company’s stock worth $486,000 after acquiring an additional 2,072 shares during the period. Finally, Orrstown Financial Services Inc. acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $202,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.0 %

EMR stock opened at $119.72 on Thursday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. 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 company has a market cap of $67.51 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.49 and a beta of 1.34. The company has a 50 day moving average of $124.67 and a two-hundred day moving average of $117.94.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. On average, equities analysts anticipate 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 will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. Emerson Electric’s payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EMR. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.90.

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.