DnB Asset Management AS Increases Position in Emerson Electric Co. (NYSE:EMR)

DnB Asset Management AS lifted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 868,437 shares of the industrial products company's stock after acquiring an additional 108,664 shares during the period. DnB Asset Management AS owned approximately 0.15% of Emerson Electric worth $107,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Vanguard Group Inc. increased its stake in Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. State Street Corp raised its position in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC increased its stake in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Emerson Electric in the fourth quarter valued at $885,886,000. Institutional investors own 74.30% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on EMR. Wells Fargo & Company lifted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Barclays cut their price target on shares of Emerson Electric from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, March 26th. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.94.

Emerson Electric Trading Up 0.1 %

Shares of Emerson Electric stock traded up $0.07 on Tuesday, hitting $109.71. The stock had a trading volume of 709,711 shares, compared to its average volume of 2,807,272. The stock has a market cap of $61.87 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.49 and a beta of 1.36. The stock's 50-day simple moving average is $120.46 and its two-hundred day simple moving average is $119.81. 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 Co. has a one year low of $96.62 and a one year high of $134.85.

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%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company 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 annualized dividend and a yield of 1.92%. 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

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.