Cantor Fitzgerald Investment Advisors L.P. Purchases New Position in Emerson Electric Co. (NYSE:EMR)

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 201,087 shares of the industrial products company’s stock, valued at approximately $19,572,000. Emerson Electric comprises approximately 1.5% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tobam lifted its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in Emerson Electric in the fourth quarter valued at $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $39,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Emerson Electric in the 4th quarter valued at about $39,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.93 during trading hours on Friday, hitting $113.42. The company’s stock had a trading volume of 1,345,232 shares, compared to its average volume of 3,333,393. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $111.82 and a 200-day moving average of $102.23. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $116.76. The stock has a market cap of $64.89 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 1.89 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $1.09 earnings per share. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

Several research analysts have weighed in on EMR shares. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and lifted their target price for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Royal Bank of Canada upped their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays lifted their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Bank of America increased their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Loop Capital lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.56.

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.