Korea Investment CORP Grows Position in Emerson Electric Co. (NYSE:EMR)

Korea Investment CORP lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,227 shares of the industrial products company's stock after acquiring an additional 11,321 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Emerson Electric worth $49,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the period. State Street Corp lifted its holdings in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the period. Wellington Management Group LLP grew its holdings in shares of Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after acquiring an additional 581,102 shares during the period. Geode Capital Management LLC raised its position in shares of Emerson Electric by 1.4% in 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 acquiring an additional 162,985 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares during the period. Institutional investors own 74.30% of the company's stock.

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Emerson Electric Stock Performance

Emerson Electric stock traded up $0.30 during midday trading on Tuesday, reaching $109.94. 2,490,597 shares of the company traded hands, compared to its average volume of 2,817,143. 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 Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm has a market capitalization of $62.00 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business has a 50 day moving average of $120.06 and a two-hundred day moving average of $119.87.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

Several equities analysts have commented on EMR shares. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. 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 price target for the company. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Finally, Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $135.94.

About Emerson Electric

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.