Royal London Asset Management Ltd. Acquires 10,513 Shares of Emerson Electric Co. (NYSE:EMR)

Royal London Asset Management Ltd. raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245,714 shares of the industrial products company's stock after acquiring an additional 10,513 shares during the period. Royal London Asset Management Ltd.'s holdings in Emerson Electric were worth $30,451,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. GDS Wealth Management raised its stake in Emerson Electric by 2.0% during the fourth 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 grew its holdings in Emerson Electric by 0.6% in 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 in the last quarter. Berkshire Bank increased its position in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after acquiring an additional 89 shares during the period. Little House Capital LLC grew its position in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after buying an additional 89 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a "buy" rating and a $132.00 target price on the stock. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target on the stock. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Finally, KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.22.

Emerson Electric Trading Down 0.1 %

EMR stock traded down $0.16 during midday trading on Tuesday, reaching $115.21. The stock had a trading volume of 1,656,154 shares, compared to its average volume of 2,660,965. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The business has a fifty day simple moving average of $121.53 and a two-hundred day simple moving average of $119.38. The firm has a market cap of $64.97 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results 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%. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared 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 1.83%. Emerson Electric's dividend payout ratio (DPR) is presently 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.