Cumberland Partners Ltd boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 45.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,200 shares of the industrial products company's stock after buying an additional 5,350 shares during the quarter. Cumberland Partners Ltd's holdings in Emerson Electric were worth $2,132,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in Emerson Electric by 10.6% during the third 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 last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Emerson Electric by 2.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 17,441 shares of the industrial products company's stock worth $1,908,000 after buying an additional 403 shares in the last quarter. Signaturefd LLC grew its position in shares of Emerson Electric by 2.3% in the third quarter. Signaturefd LLC now owns 12,565 shares of the industrial products company's stock valued at $1,374,000 after purchasing an additional 279 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Emerson Electric by 16.6% in the 3rd quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company's stock valued at $7,294,000 after buying an additional 9,484 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.
Emerson Electric Price Performance
Shares of EMR traded down $3.08 on Friday, hitting $121.67. The company's stock had a trading volume of 1,349,088 shares, compared to its average volume of 2,821,225. The company has a 50 day moving average price of $125.25 and a 200 day moving average price of $117.40. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market capitalization of $68.61 billion, a PE ratio of 29.10, a PEG ratio of 2.48 and a beta of 1.34. 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 issued its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays upped their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Finally, Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $136.90.
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Emerson Electric Profile
(
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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