FIL Ltd raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,232 shares of the industrial products company's stock after acquiring an additional 14,523 shares during the quarter. FIL Ltd's holdings in Emerson Electric were worth $13,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in Emerson Electric during the fourth quarter valued at approximately $885,886,000. Raymond James Financial Inc. bought a new position in Emerson Electric in the 4th quarter worth $297,947,000. Boston Partners increased its stake in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after acquiring an additional 965,731 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Down 0.6 %
Shares of EMR traded down $0.58 during trading hours on Tuesday, hitting $100.46. The company had a trading volume of 2,972,251 shares, compared to its average volume of 2,905,233. The company has a market capitalization of $56.65 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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 company's fifty day moving average price is $113.69 and its two-hundred day moving average price is $119.36. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric's dividend payout ratio is currently 50.36%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on EMR shares. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. KeyCorp decreased their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays dropped 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 note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.
Get Our Latest Analysis on EMR
Emerson Electric Company 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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