BI Asset Management Fondsmaeglerselskab A S raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,298 shares of the industrial products company's stock after purchasing an additional 4,161 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Emerson Electric were worth $2,887,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the 4th quarter worth $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $35,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Performance
NYSE EMR traded up $0.19 during mid-day trading on Friday, reaching $105.24. 2,635,975 shares of the stock were exchanged, compared to its average volume of 3,152,501. 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 quick ratio of 1.17 and a current ratio of 1.54. The business's 50 day moving average is $109.67 and its 200-day moving average is $118.66. The company has a market capitalization of $59.34 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.49 and a beta of 1.28.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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 forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday. KeyCorp reduced their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.
Read Our Latest Stock Analysis on Emerson Electric
Emerson Electric Profile
(
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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