Emerson Electric Co. (NYSE:EMR) Stake Boosted by Clean Energy Transition LLP

Clean Energy Transition LLP boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 59.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,658,298 shares of the industrial products company's stock after acquiring an additional 616,730 shares during the period. Emerson Electric accounts for about 7.7% of Clean Energy Transition LLP's holdings, making the stock its biggest position. Clean Energy Transition LLP owned approximately 0.29% of Emerson Electric worth $205,513,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $885,886,000. Raymond James Financial Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at $297,947,000. Boston Partners boosted its holdings in Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. Finally, Sarasin & Partners LLP lifted its position in shares of Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock valued at $218,889,000 after purchasing an additional 965,731 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley increased their price objective 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. Citigroup cut their price objective on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday. KeyCorp lowered their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Daiwa Capital Markets began 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.67.

Emerson Electric Stock Down 0.6 %

Shares of Emerson Electric stock traded down $0.58 on Tuesday, reaching $100.46. The company's stock had a trading volume of 2,972,244 shares, compared to its average volume of 2,905,231. The firm's fifty day simple moving average is $113.69 and its two-hundred day simple moving average is $119.36. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a market capitalization of $56.65 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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, 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%. Equities analysts anticipate 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. Investors of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

Emerson Electric Profile

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.