Vanguard Group Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,536,974 shares of the industrial products company's stock after acquiring an additional 384,313 shares during the period. Vanguard Group Inc. owned approximately 9.40% of Emerson Electric worth $6,634,837,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Meridian Wealth Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $223,000. Stevens Capital Management LP lifted its holdings in Emerson Electric by 27.1% in the fourth quarter. Stevens Capital Management LP now owns 2,466 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 526 shares during the period. LPL Financial LLC boosted its position in Emerson Electric by 4.4% in the 4th quarter. LPL Financial LLC now owns 869,880 shares of the industrial products company's stock worth $107,804,000 after purchasing an additional 36,709 shares in the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $383,000. Finally, Guardian Partners Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $15,735,000. Institutional investors and hedge funds own 74.30% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Barclays downgraded shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $135.00 to $110.00 in a report on Monday, March 10th. Two 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $136.22.
View Our Latest Stock Analysis on EMR
Emerson Electric Trading Down 0.1 %
Shares of EMR traded down $0.16 during mid-day trading on Tuesday, reaching $115.21. The stock had a trading volume of 1,656,154 shares, compared to its average volume of 2,665,885. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business's fifty day moving average is $121.53 and its 200 day moving average is $119.38. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a market cap of $64.97 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.49 and a beta of 1.36.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 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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