Boston Partners boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 136.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,316,466 shares of the industrial products company's stock after acquiring an additional 1,913,120 shares during the period. Boston Partners owned 0.58% of Emerson Electric worth $411,944,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in Emerson Electric in the fourth quarter worth approximately $5,939,000. Horizon Investments LLC boosted its holdings in Emerson Electric by 1.7% in the fourth quarter. Horizon Investments LLC now owns 9,773 shares of the industrial products company's stock worth $1,211,000 after acquiring an additional 160 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Emerson Electric by 10.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company's stock worth $4,113,000 after acquiring an additional 3,177 shares in the last quarter. PDS Planning Inc raised its stake in shares of Emerson Electric by 2.1% in the fourth quarter. PDS Planning Inc now owns 5,898 shares of the industrial products company's stock worth $731,000 after purchasing an additional 121 shares during the last quarter. Finally, Kensington Investment Counsel LLC raised its stake in shares of Emerson Electric by 2.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 33,662 shares of the industrial products company's stock worth $4,172,000 after purchasing an additional 920 shares during the last quarter. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Performance
Shares of NYSE:EMR traded up $1.12 during midday trading on Friday, reaching $112.92. 9,228,719 shares of the company traded hands, compared to its average volume of 2,656,131. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm's fifty day moving average price is $121.60 and its two-hundred day moving average price is $119.02. 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 firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Announces Dividend
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 $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.
Analyst Ratings Changes
Several analysts have recently commented on EMR shares. Barclays downgraded Emerson Electric from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $136.22.
Read Our Latest Research Report on EMR
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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