UniSuper Management Pty Ltd increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,164 shares of the industrial products company's stock after purchasing an additional 6,121 shares during the quarter. UniSuper Management Pty Ltd's holdings in Emerson Electric were worth $4,978,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GDS Wealth Management boosted its position in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC boosted its stake in Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank raised its position in shares of Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares in the last quarter. Little House Capital LLC increased its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after acquiring an additional 89 shares during the period. Finally, Grove Bank & Trust raised its holdings in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Performance
Shares of NYSE EMR traded up $1.22 during midday trading on Wednesday, hitting $111.22. The company's stock had a trading volume of 602,755 shares, compared to its average volume of 2,808,607. The firm has a market capitalization of $62.72 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $120.06 and a 200 day moving average price of $119.87. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Citigroup initiated coverage on Emerson Electric in a research report on Monday, March 17th. They issued a "buy" rating and a $132.00 price target on the stock. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $135.94.
Check Out Our Latest Analysis on EMR
Emerson Electric Company Profile
(
Free Report)
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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