Fayez Sarofim & Co Buys 7,320 Shares of Emerson Electric Co. (NYSE:EMR)

Fayez Sarofim & Co increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 26.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,170 shares of the industrial products company's stock after acquiring an additional 7,320 shares during the period. Fayez Sarofim & Co's holdings in Emerson Electric were worth $4,359,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC grew its stake in shares of Emerson Electric by 2.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 25,547 shares of the industrial products company's stock valued at $3,166,000 after buying an additional 533 shares in the last quarter. State of Tennessee Department of Treasury grew its position in shares of Emerson Electric by 8.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 271,233 shares of the industrial products company's stock valued at $33,614,000 after acquiring an additional 19,996 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Emerson Electric by 3.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 166,875 shares of the industrial products company's stock valued at $20,680,000 after purchasing an additional 5,730 shares during the period. Tower Research Capital LLC TRC increased its position in Emerson Electric by 213.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 39,533 shares of the industrial products company's stock worth $4,899,000 after buying an additional 26,930 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $394,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 3.2 %

EMR stock opened at $96.39 on Tuesday. The firm has a 50-day moving average price of $110.99 and a 200-day moving average price of $118.97. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $54.35 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $131.67.

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.

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