1,669 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Diversified Portfolios Inc.

Diversified Portfolios Inc. bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel.com reports. The firm bought 1,669 shares of the industrial products company’s stock, valued at approximately $207,000.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $25,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the 4th quarter worth about $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $29,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $126.94 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The stock has a market capitalization of $72.30 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.16 and a beta of 1.34. The business’s fifty day moving average price is $126.24 and its 200-day moving average price is $116.95.

Emerson Electric (NYSE:EMR) last announced its 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 return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts predict that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 1.66%. Emerson Electric’s payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted 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. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.90.

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.