Bolthouse Investments LLC Acquires Shares of 3,010 Emerson Electric Co. (NYSE:EMR)

Bolthouse Investments LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,010 shares of the industrial products company's stock, valued at approximately $373,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the fourth quarter worth $28,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth $35,000. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on EMR shares. KeyCorp lowered their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Citigroup cut 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.67.

Emerson Electric Trading Up 0.6 %

Shares of NYSE EMR traded up $0.65 during midday trading on Tuesday, reaching $105.15. The stock had a trading volume of 1,635,309 shares, compared to its average volume of 2,938,947. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company's 50 day moving average price is $108.88 and its 200 day moving average price is $118.69. The firm has a market cap of $59.29 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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 (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued 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 2.01%. Emerson Electric's dividend payout ratio is 50.36%.

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.