NewEdge Advisors LLC Acquires 38,748 Shares of Emerson Electric Co. (NYSE:EMR)

NewEdge Advisors LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 67.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,420 shares of the industrial products company's stock after purchasing an additional 38,748 shares during the quarter. NewEdge Advisors LLC's holdings in Emerson Electric were worth $11,949,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.7% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $885,886,000. Nordea Investment Management AB boosted its position in 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 buying an additional 375,470 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $99.55 on Friday. 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 12 month low of $90.06 and a 12 month high of $134.85. The firm has a fifty day simple moving average of $112.09 and a 200 day simple moving average of $119.02. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. Emerson Electric's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EMR. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. KeyCorp reduced their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

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.

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