Emerson Electric Co. (NYSE:EMR) Shares Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,955 shares of the industrial products company's stock after acquiring an additional 48,084 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.06% of Emerson Electric worth $40,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter worth $29,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.0 %

Shares of NYSE EMR traded up $1.12 during midday trading on Friday, reaching $112.92. 9,228,719 shares of the stock were exchanged, compared to its average volume of 3,072,063. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36. The company has a 50 day simple moving average of $121.69 and a 200 day simple moving average of $118.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric's payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EMR shares. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective for the company. Finally, KeyCorp upped their target price 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 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.22.

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.