Zevin Asset Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,452 shares of the industrial products company's stock after acquiring an additional 13,110 shares during the period. Emerson Electric accounts for about 2.8% of Zevin Asset Management LLC's portfolio, making the stock its 12th largest holding. Zevin Asset Management LLC's holdings in Emerson Electric were worth $18,769,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. GDS Wealth Management lifted its holdings in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC lifted its stake in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares in the last quarter. Berkshire Bank lifted its stake in Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC lifted its stake in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after purchasing an additional 89 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective on the stock. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.22.
Check Out Our Latest Stock Analysis on EMR
Emerson Electric Stock Performance
Shares of EMR stock traded up $0.43 during mid-day trading on Wednesday, hitting $112.28. 4,095,387 shares of the stock were exchanged, compared to its average volume of 2,626,650. The stock's fifty day simple moving average is $122.03 and its two-hundred day simple moving average is $119.07. The stock has a market capitalization of $63.31 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.
About Emerson Electric
(
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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