Ilmarinen Mutual Pension Insurance Co Purchases 25,000 Shares of Emerson Electric Co. (NYSE:EMR)

Ilmarinen Mutual Pension Insurance Co raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,500 shares of the industrial products company's stock after acquiring an additional 25,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Emerson Electric were worth $22,122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EMR. Howard Capital Management Group LLC grew its holdings in shares of Emerson Electric by 10.6% during the 3rd 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 in the last quarter. Centiva Capital LP grew its stake in Emerson Electric by 15.1% during the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company's stock worth $421,000 after buying an additional 506 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Emerson Electric by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,122 shares of the industrial products company's stock valued at $2,201,000 after buying an additional 252 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Emerson Electric by 4.2% during the 3rd quarter. IHT Wealth Management LLC now owns 15,800 shares of the industrial products company's stock worth $1,728,000 after acquiring an additional 643 shares during the period. Finally, Morse Asset Management Inc bought a new position in Emerson Electric in the third quarter valued at approximately $123,000. Institutional investors own 74.30% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price on the stock. Barclays dropped their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday. Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Finally, KeyCorp cut their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $132.39.

Emerson Electric Trading Down 3.9 %

Shares of EMR traded down $4.03 during trading hours on Thursday, hitting $100.40. 1,920,938 shares of the stock were exchanged, compared to its average volume of 2,881,989. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The business has a 50-day moving average of $115.29 and a 200-day moving average of $119.42. The firm has a market capitalization of $56.62 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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 posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 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.