Bank of Montreal Can lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 760,300 shares of the industrial products company's stock after purchasing an additional 25,714 shares during the period. Bank of Montreal Can owned 0.13% of Emerson Electric worth $94,224,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after acquiring an additional 384,313 shares during the period. Geode Capital Management LLC grew its holdings in shares of Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Norges Bank bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $885,886,000. Nordea Investment Management AB grew its holdings in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after purchasing an additional 375,470 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Analyst Ratings Changes
EMR has been the topic of several recent research reports. 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 target on the stock. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.39.
View Our Latest Report on EMR
Emerson Electric Stock Performance
Shares of EMR stock traded up $0.82 on Monday, hitting $101.31. 834,610 shares of the stock traded hands, compared to its average volume of 2,896,162. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year 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. The company has a market capitalization of $57.13 billion, a PE ratio of 24.18, a PEG ratio of 2.49 and a beta of 1.28. The company's fifty day moving average is $114.17 and its 200 day moving average is $119.42.
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%. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.08%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is 50.36%.
Emerson Electric Company Profile
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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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