Allianz SE Buys New Holdings in Emerson Electric Co. (NYSE:EMR)

Allianz SE purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,977 shares of the industrial products company's stock, valued at approximately $10,808,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric during the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric during the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric in the fourth quarter valued at about $35,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EMR shares. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective on the stock. Citigroup assumed coverage on shares of Emerson Electric in a research note on Monday, March 17th. They issued a "buy" rating and a $132.00 target price for the company. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.94.

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Emerson Electric Price Performance

EMR stock traded up $1.40 during midday trading on Wednesday, reaching $111.40. The company had a trading volume of 826,732 shares, compared to its average volume of 2,809,420. The firm has a 50-day moving average price of $120.06 and a 200-day moving average price of $119.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $62.82 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

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, topping 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%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric's dividend payout ratio (DPR) is 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.