Mirova Has $2.35 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Mirova raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 81.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,981 shares of the industrial products company's stock after buying an additional 8,520 shares during the period. Mirova's holdings in Emerson Electric were worth $2,352,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EMR. Wilmington Savings Fund Society FSB lifted its stake in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after acquiring an additional 30,741 shares during the last quarter. Stokes Family Office LLC raised its holdings in Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings 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 valued at $10,187,000 after acquiring an additional 6,321 shares during the last quarter. World Investment Advisors boosted its position in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares during the period. Finally, Howland Capital Management LLC lifted its stake in shares of Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after buying an additional 3,054 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Citigroup decreased their price target on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Stock Up 3.9 %

Shares of NYSE:EMR traded up $3.97 during midday trading on Thursday, hitting $105.04. The stock had a trading volume of 2,762,639 shares, compared to its average volume of 2,928,387. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $110.03 and its 200-day simple moving average is $118.72. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a market cap of $59.23 billion, a P/E ratio of 25.07, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its 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%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is 50.36%.

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.