Chapman Financial Group LLC Purchases Shares of 2,621 Emerson Electric Co. (NYSE:EMR)

by · The Markets Daily

Chapman Financial Group LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,621 shares of the industrial products company’s stock, valued at approximately $325,000.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. lifted its position in Emerson Electric by 3.2% during the third quarter. Franklin Resources Inc. now owns 586,319 shares of the industrial products company’s stock valued at $66,043,000 after buying an additional 17,913 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Emerson Electric by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock valued at $88,915,000 after acquiring an additional 23,205 shares in the last quarter. Nordea Investment Management AB boosted its position in Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after purchasing an additional 375,470 shares during the period. CWA Asset Management Group LLC increased its holdings in Emerson Electric by 6.0% in the 4th quarter. CWA Asset Management Group LLC now owns 4,236 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 238 shares in the last quarter. Finally, Capital Market Strategies LLC raised its position in Emerson Electric by 5.5% in the fourth quarter. Capital Market Strategies LLC now owns 4,300 shares of the industrial products company’s stock valued at $533,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $108.41 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $107.63 and its two-hundred day moving average is $118.56. The firm has a market capitalization of $61.13 billion, a P/E ratio of 25.87, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR – Get Free Report) last released 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 net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EMR shares. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp dropped their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Citigroup dropped their price target on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.67.

View Our Latest Analysis on EMR

Emerson Electric Company Profile

(Free Report)

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.

Further Reading

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