Caisse Des Depots ET Consignations bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,871 shares of the industrial products company's stock, valued at approximately $728,000.
Other large investors have also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new position in Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the 4th quarter valued at $35,000. 74.30% of the stock is owned by institutional investors.
Emerson Electric Trading Up 0.4 %
EMR traded up $0.44 during trading on Tuesday, hitting $110.08. 629,339 shares of the stock traded hands, compared to its average volume of 2,985,172. The firm has a 50-day moving average of $120.46 and a 200 day moving average of $119.81. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a market capitalization of $62.07 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.
Wall Street Analysts Forecast Growth
EMR has been the subject of several research analyst reports. Barclays dropped their price objective on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price objective 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $135.94.
View Our Latest Stock Report on Emerson Electric
About Emerson Electric
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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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