Vontobel Holding Ltd. raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,546 shares of the industrial products company's stock after purchasing an additional 8,971 shares during the quarter. Vontobel Holding Ltd.'s holdings in Emerson Electric were worth $21,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter worth $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, YANKCOM Partnership bought a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. 74.30% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EMR. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective for the company. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.90.
Check Out Our Latest Research Report on EMR
Emerson Electric Trading Up 1.5 %
Shares of NYSE EMR traded up $1.90 during midday trading on Tuesday, hitting $125.24. 841,836 shares of the company traded hands, compared to its average volume of 2,904,735. 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 quick ratio of 1.40 and a current ratio of 1.54. The stock has a 50-day moving average price of $125.59 and a 200 day moving average price of $117.18. The firm has a market cap of $70.62 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.16 and a beta of 1.34.
Emerson Electric (NYSE:EMR - Get Free Report) last posted 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 return on equity of 12.08% and a net margin of 13.74%. As a group, analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.
Emerson Electric Company Profile
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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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