Canada Pension Plan Investment Board raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,307 shares of the industrial products company's stock after acquiring an additional 38,397 shares during the period. Canada Pension Plan Investment Board's holdings in Emerson Electric were worth $30,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Howard Capital Management Group LLC raised its position in Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock worth $205,000 after purchasing an additional 180 shares during the period. Morse Asset Management Inc bought a new stake in Emerson Electric during the 3rd quarter valued at about $123,000. Tudor Financial Inc. bought a new position in Emerson Electric in the 3rd quarter worth about $355,000. Anchor Investment Management LLC increased its position in shares of Emerson Electric by 4.4% during the third quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company's stock worth $3,350,000 after acquiring an additional 1,297 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in shares of Emerson Electric by 20.7% in the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company's stock valued at $1,613,000 after purchasing an additional 2,532 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on EMR. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Barclays reduced their price target on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research report on Thursday, April 10th. Finally, KeyCorp lowered their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $131.67.
View Our Latest Stock Report on Emerson Electric
Emerson Electric Price Performance
Emerson Electric stock traded up $3.97 during trading on Thursday, reaching $105.04. The company had a trading volume of 2,762,619 shares, compared to its average volume of 2,928,386. 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 firm has a market capitalization of $59.23 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The firm's 50-day simple moving average is $110.03 and its 200 day simple moving average is $118.72.
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 for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently disclosed 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 2.01%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 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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