Emerson Electric Co. (NYSE:EMR) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 683.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,880 shares of the industrial products company's stock after buying an additional 26,068 shares during the quarter. Sterling Capital Management LLC's holdings in Emerson Electric were worth $3,703,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in EMR. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric during the fourth quarter valued at about $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. Citigroup reduced their target price on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a report on Monday. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Barclays lowered their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.

Emerson Electric Trading Up 0.9 %

Shares of EMR traded up $0.88 during trading on Friday, reaching $99.55. 2,878,399 shares of the company traded hands, compared to its average volume of 2,912,795. The stock has a 50-day simple moving average of $112.09 and a 200-day simple moving average of $119.02. 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 $90.06 and a twelve month high of $134.85. The stock has a market cap of $56.14 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared 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 was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.12%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

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.