Raymond James Financial Inc. Takes Position in Emerson Electric Co. (NYSE:EMR)

Raymond James Financial Inc. acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,404,161 shares of the industrial products company's stock, valued at approximately $297,947,000. Raymond James Financial Inc. owned 0.42% of Emerson Electric as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after buying an additional 1,426,718 shares during the period. Swedbank AB increased its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Sarasin & Partners LLP lifted its stake in shares of Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock valued at $218,889,000 after purchasing an additional 965,731 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Emerson Electric by 50.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,153,085 shares of the industrial products company's stock valued at $266,832,000 after buying an additional 718,781 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

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Emerson Electric Stock Down 5.8 %

NYSE EMR traded down $6.89 during trading on Monday, reaching $111.73. 5,154,692 shares of the company's stock were exchanged, compared to its average volume of 2,933,377. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The stock has a market cap of $63.00 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a 50 day moving average price of $123.64 and a two-hundred day moving average price of $118.73.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid 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 1.89%. Emerson Electric's dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. 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. Barclays cut Emerson Electric from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $135.00 to $110.00 in a research note on Monday. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $136.28.

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.