Emerson Electric Co. (NYSE:EMR) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 213.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 632,614 shares of the industrial products company's stock after acquiring an additional 430,838 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.11% of Emerson Electric worth $78,400,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $6.63 on Thursday, reaching $97.80. 1,219,854 shares of the stock were exchanged, compared to its average volume of 2,879,246. 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 firm has a market capitalization of $55.15 billion, a PE ratio of 23.33, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The business has a fifty day moving average price of $115.29 and a two-hundred day moving average price of $119.42.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.39.

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.