Norges Bank Takes $885.89 Million Position in Emerson Electric Co. (NYSE:EMR)

Norges Bank purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,148,274 shares of the industrial products company's stock, valued at approximately $885,886,000. Norges Bank owned 1.26% of Emerson Electric at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EMR shares. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They issued a "buy" rating and a $132.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $135.94.

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Emerson Electric Stock Up 0.4 %

Shares of EMR traded up $0.44 during mid-day trading on Tuesday, reaching $110.08. The company's stock had a trading volume of 629,339 shares, compared to its average volume of 2,985,172. The company's 50 day moving average is $120.46 and its 200 day moving average is $119.81. The stock has a market cap of $62.07 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. 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 (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 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.