Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Acquires Shares of 100,000 Emerson Electric Co. (NYSE:EMR)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the industrial products company's stock, valued at approximately $12,393,000. Emerson Electric accounts for about 9.5% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter valued at $885,886,000. Caisse Des Depots ET Consignations purchased a new stake in Emerson Electric in the 4th quarter valued at about $728,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Emerson Electric in the fourth quarter valued at about $906,000. LM Advisors LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $1,192,000. Finally, Howe & Rusling Inc. raised its stake in shares of Emerson Electric by 24.5% in the 4th quarter. Howe & Rusling Inc. now owns 4,188 shares of the industrial products company's stock valued at $519,000 after acquiring an additional 823 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Daiwa Capital Markets assumed 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.94.

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Emerson Electric Stock Performance

Shares of EMR stock traded up $0.44 during trading hours on Tuesday, hitting $110.08. The stock had a trading volume of 629,339 shares, compared to its average volume of 2,985,172. The stock's 50 day moving average is $120.46 and its 200 day moving average is $119.81. The firm has a market capitalization of $62.07 billion, a PE ratio of 26.28, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.

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.