Sovereign Investment Advisors LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,930 shares of the industrial products company's stock, valued at approximately $363,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Emerson Electric by 6.2% in 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. Wellington Management Group LLP raised its holdings in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after acquiring an additional 581,102 shares in the last quarter. Geode Capital Management LLC raised its holdings in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB raised its holdings in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after acquiring an additional 375,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Emerson Electric by 3.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company's stock valued at $385,354,000 after acquiring an additional 132,186 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Trading Down 0.6 %
Shares of NYSE EMR traded down $0.66 during trading on Thursday, reaching $111.73. The company had a trading volume of 3,573,701 shares, compared to its average volume of 2,630,483. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company's fifty day moving average price is $121.86 and its 200-day moving average price is $119.02. The stock has a market cap of $63.00 billion, a P/E ratio of 26.67, a PEG ratio of 2.49 and a beta of 1.36.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric's payout ratio is 50.36%.
Wall Street Analysts Forecast Growth
EMR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.22.
View Our Latest Stock Report on EMR
About Emerson Electric
(
Free Report)
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.
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