KLP Kapitalforvaltning AS Buys Shares of 297,413 Emerson Electric Co. (NYSE:EMR)

KLP Kapitalforvaltning AS purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 297,413 shares of the industrial products company's stock, valued at approximately $36,858,000. KLP Kapitalforvaltning AS owned 0.05% of Emerson Electric as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. GDS Wealth Management boosted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after buying an additional 79 shares during the last quarter. Mcdonald Partners LLC boosted its position in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares during the last quarter. Berkshire Bank grew its stake in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 89 shares during the period. Little House Capital LLC increased its position in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the period. Institutional investors own 74.30% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays downgraded shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Finally, KeyCorp increased their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $136.22.

Emerson Electric Trading Down 0.1 %

Shares of EMR traded down $0.16 during mid-day trading on Tuesday, hitting $115.21. 1,650,993 shares of the company's stock traded hands, compared to its average volume of 2,660,965. The business's 50-day moving average price is $121.53 and its 200-day moving average price is $119.38. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a market capitalization of $64.97 billion, a P/E ratio of 27.50, a PEG ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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 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. Investors of record on Friday, February 14th were paid 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 1.83%. Emerson Electric's payout ratio is 50.36%.

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.