Emerson Electric Co. (NYSE:EMR) Shares Acquired by Syntax Research Inc.

Syntax Research Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,815 shares of the industrial products company’s stock after purchasing an additional 254 shares during the period. Syntax Research Inc.’s holdings in Emerson Electric were worth $473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Swedbank AB grew its stake in shares of Emerson Electric by 127.3% during the 3rd 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 boosted its position 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 buying an additional 180 shares in the last quarter. Quest Partners LLC boosted its position in shares of Emerson Electric by 664.7% in the 3rd quarter. Quest Partners LLC now owns 3,357 shares of the industrial products company’s stock worth $367,000 after buying an additional 2,918 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Emerson Electric by 7.2% in the 3rd quarter. Intech Investment Management LLC now owns 25,373 shares of the industrial products company’s stock worth $2,775,000 after buying an additional 1,696 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Emerson Electric by 3.3% in the 3rd quarter. LPL Financial LLC now owns 833,171 shares of the industrial products company’s stock worth $91,124,000 after buying an additional 26,505 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.0 %

EMR opened at $112.92 on Monday. The firm has a 50 day moving average price of $121.60 and a 200 day moving average price of $119.27. The company has a market cap of $63.67 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. 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 quick ratio of 1.17 and a current ratio of 1.54.

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, 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%. Sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Citigroup assumed coverage on shares of Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price on the stock. Finally, KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.