Natixis Advisors LLC Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Natixis Advisors LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 360,988 shares of the industrial products company's stock after acquiring an additional 29,022 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Emerson Electric worth $44,737,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EMR. GDS Wealth Management grew its holdings in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after buying an additional 79 shares in the last quarter. Mcdonald Partners LLC lifted its position in shares of Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank lifted its position in shares of Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares during the last quarter. Little House Capital LLC lifted 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 worth $2,108,000 after buying an additional 89 shares during the last quarter. Finally, Grove Bank & Trust lifted its position 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 buying an additional 90 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Barclays downgraded Emerson Electric from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $136.22.

Emerson Electric Stock Performance

Shares of EMR traded down $0.66 during mid-day trading on Thursday, hitting $111.73. The stock had a trading volume of 3,571,974 shares, compared to its average volume of 2,630,483. The firm has a market cap of $63.00 billion, a P/E ratio of 26.67, a PEG ratio of 2.49 and a beta of 1.36. The business has a fifty day moving average price of $121.86 and a 200-day moving average price of $119.02. 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 52 week low of $96.62 and a 52 week high of $134.85.

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 return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Emerson Electric Company 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.