ZEGA Investments LLC Takes $208,000 Position in Emerson Electric Co. (NYSE:EMR)

ZEGA Investments LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,593 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other institutional investors have also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at $29,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.0 %

Shares of NYSE:EMR opened at $112.92 on Friday. 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 firm has a market capitalization of $63.67 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The firm’s 50-day moving average is $121.60 and its two-hundred day moving average is $119.02. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Morgan Stanley lifted their price target 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. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Citigroup started coverage on shares of Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric 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.