NEOS Investment Management LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,996 shares of the industrial products company's stock after buying an additional 16,178 shares during the quarter. NEOS Investment Management LLC's holdings in Emerson Electric were worth $8,551,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of EMR. Vanguard Group Inc. grew 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 buying an additional 384,313 shares during the last quarter. State Street Corp lifted its stake 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 acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its position in 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 valued at $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 162,985 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after buying an additional 375,470 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Performance
NYSE:EMR traded down $0.32 during trading hours on Monday, reaching $108.32. The company had a trading volume of 1,061,971 shares, compared to its average volume of 2,986,115. The firm's 50 day moving average price is $120.75 and its 200-day moving average price is $119.75. The firm has a market cap of $61.08 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. 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 posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.95%. Emerson Electric's dividend payout ratio is currently 50.36%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on EMR shares. Citigroup assumed coverage on Emerson Electric in a research note on Monday, March 17th. They issued a "buy" rating and a $132.00 price target on the stock. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.94.
View Our Latest Analysis on Emerson Electric
Emerson Electric Company Profile
(
Free Report)
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.
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