Catalyst Funds Management Pty Ltd Increases Position in Emerson Electric Co. (NYSE:EMR)

Catalyst Funds Management Pty Ltd increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 83.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,600 shares of the industrial products company's stock after buying an additional 3,000 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Emerson Electric were worth $818,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EMR. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC boosted 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 during the last quarter. Larson Financial Group LLC boosted its stake in Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock valued at $1,044,000 after purchasing an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Howland Capital Management LLC boosted its stake in Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EMR shares. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 target price on the stock. Finally, Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $136.22.

Emerson Electric Price Performance

Shares of EMR traded up $0.43 during mid-day trading on Wednesday, reaching $112.28. 4,095,387 shares of the stock traded hands, compared to its average volume of 2,626,650. The firm has a fifty day moving average price of $122.03 and a 200 day moving average price of $119.07. The company has a market cap of $63.31 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.88%. Emerson Electric's dividend payout ratio (DPR) is presently 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.