Accredited Wealth Management LLC Acquires New Holdings in Emerson Electric Co. (NYSE:EMR)

Accredited Wealth Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,677 shares of the industrial products company’s stock, valued at approximately $208,000.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC boosted its position in shares of Emerson Electric by 20.7% during the 3rd quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock valued at $1,613,000 after acquiring an additional 2,532 shares during the last quarter. Tidal Investments LLC lifted its position in Emerson Electric by 12.0% during the third quarter. Tidal Investments LLC now owns 27,491 shares of the industrial products company’s stock valued at $3,007,000 after purchasing an additional 2,937 shares during the last quarter. Franklin Resources Inc. grew its stake in Emerson Electric by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 586,319 shares of the industrial products company’s stock worth $66,043,000 after buying an additional 17,913 shares in the last quarter. Principal Financial Group Inc. raised its position 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 buying an additional 23,205 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Emerson Electric by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,461 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 2,240 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.5 %

NYSE EMR opened at $108.41 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The stock has a market cap of $61.13 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock has a 50 day simple moving average of $107.63 and a two-hundred day simple moving average of $118.45.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of research firms have weighed in on EMR. KeyCorp lowered their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Citigroup decreased their price objective on Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.