Highview Capital Management LLC DE Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Highview Capital Management LLC DE acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,250 shares of the industrial products company's stock, valued at approximately $775,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its position in shares of 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 worth $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 worth $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of 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 worth $1,044,000 after purchasing an additional 5,393 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of 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 worth $10,187,000 after purchasing an additional 6,321 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in shares of Emerson Electric by 82.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after purchasing an additional 1,792 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.31 during midday trading on Thursday, hitting $124.74. 1,438,858 shares of the company traded hands, compared to its average volume of 2,872,010. The stock has a market cap of $70.34 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm's fifty day moving average price is $125.38 and its 200-day moving average price is $117.35. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EMR. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Daiwa Capital Markets began 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. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price on the stock. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 target price on the stock. Finally, Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $136.90.

Emerson Electric 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.