Moment Partners LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Moment Partners LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,495 shares of the industrial products company’s stock, valued at approximately $433,000.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Howard Capital Management Group LLC grew its position in 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 valued at $205,000 after purchasing an additional 180 shares during the period. DRW Securities LLC lifted its stake in shares of Emerson Electric by 195.8% in the third quarter. DRW Securities LLC now owns 6,272 shares of the industrial products company’s stock valued at $686,000 after buying an additional 4,152 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Emerson Electric by 164.3% during the third quarter. Loomis Sayles & Co. L P now owns 94,061 shares of the industrial products company’s stock worth $10,287,000 after acquiring an additional 58,476 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $5,918,000. Finally, Brooklyn Investment Group bought a new position in Emerson Electric in the 3rd quarter valued at about $144,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $113.60 on Thursday. The company has a 50-day moving average price of $121.30 and a two-hundred day moving average price of $119.46. Emerson Electric Co. has a twelve month low of $96.62 and a twelve 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 firm has a market capitalization of $64.06 billion, a PE ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

Several brokerages have recently commented on EMR. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.94.

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.