Voya Investment Management LLC Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Voya Investment Management LLC raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 150.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,265,261 shares of the industrial products company's stock after acquiring an additional 760,836 shares during the quarter. Voya Investment Management LLC owned approximately 0.22% of Emerson Electric worth $156,804,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EMR. Integrated Wealth Concepts LLC raised its position in shares of Emerson Electric by 10.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 22,235 shares of the industrial products company's stock worth $2,756,000 after acquiring an additional 2,113 shares during the period. Sompo Asset Management Co. Ltd. acquired a new position in Emerson Electric in the 4th quarter worth about $504,000. MGO One Seven LLC boosted its position in Emerson Electric by 83.4% during the fourth quarter. MGO One Seven LLC now owns 44,412 shares of the industrial products company's stock worth $5,504,000 after purchasing an additional 20,196 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Emerson Electric by 4.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,512,836 shares of the industrial products company's stock valued at $187,487,000 after buying an additional 69,467 shares in the last quarter. Finally, Alta Advisers Ltd grew its stake in Emerson Electric by 28.9% in the 4th quarter. Alta Advisers Ltd now owns 1,934 shares of the industrial products company's stock valued at $240,000 after acquiring an additional 434 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.6 %

Shares of EMR stock traded down $0.68 on Monday, hitting $104.60. The stock had a trading volume of 2,676,444 shares, compared to its average volume of 2,941,823. The company's 50 day moving average price is $109.27 and its 200-day moving average price is $118.74. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $58.98 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of several research analyst reports. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Barclays reduced their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. KeyCorp lowered their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $131.67.

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.