Smartleaf Asset Management LLC Has $1.95 Million Stake in Emerson Electric Co. (NYSE:EMR)

Smartleaf Asset Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,718 shares of the industrial products company’s stock after purchasing an additional 2,447 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Emerson Electric were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EMR shares. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. 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. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Up 1.4 %

Shares of NYSE EMR opened at $121.62 on Friday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market cap of $68.58 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The company has a 50 day simple moving average of $124.57 and a 200 day simple moving average of $118.18.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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 given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.