Wedbush Securities Inc. Has $1.28 Million Stake in Emerson Electric Co. (NYSE:EMR)

Wedbush Securities Inc. raised its holdings in Emerson Electric Co. (NYSE:EMR) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,319 shares of the industrial products company’s stock after buying an additional 658 shares during the period. Wedbush Securities Inc.’s holdings in Emerson Electric were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after acquiring an additional 384,313 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $885,886,000. Nordea Investment Management AB grew its stake in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after buying an additional 375,470 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock worth $542,379,000 after buying an additional 171,946 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 7.3 %

Shares of NYSE:EMR opened at $94.47 on Monday. The company has a market capitalization of $53.27 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.49 and a beta of 1.28. 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 business’s 50 day simple moving average is $118.39 and its 200 day simple moving average is $119.85. Emerson Electric Co. has a 1 year low of $90.84 and a 1 year high of $134.85.

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 return on equity of 12.08% and a net margin of 13.74%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.23%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays cut their price objective on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.