Nixon Peabody Trust Co. Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Nixon Peabody Trust Co. boosted its position in Emerson Electric Co. (NYSE:EMR) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,306 shares of the industrial products company’s stock after buying an additional 327 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Emerson Electric were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the 3rd quarter valued at $25,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric in the 4th quarter worth about $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of analyst reports. Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Price Performance

Emerson Electric stock opened at $121.62 on Friday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The stock has a market capitalization of $68.58 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 1.34. The firm’s 50-day moving average is $124.57 and its two-hundred day moving average is $118.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released its quarterly 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 net margin of 13.74% and a return on equity of 12.08%. Equities 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. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.