Emerson Electric Co. (NYSE:EMR) Shares Acquired by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,498 shares of the industrial products company’s stock after purchasing an additional 300 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Emerson Electric were worth $4,771,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.0 %

Shares of NYSE:EMR opened at $118.66 on Friday. The company has a market cap of $66.91 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm’s 50-day simple moving average is $123.64 and its 200-day simple moving average is $118.52. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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 research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 15th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.