XTX Topco Ltd Makes New Investment in Emerson Electric Co. (NYSE:EMR)

XTX Topco Ltd purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,991 shares of the industrial products company's stock, valued at approximately $2,354,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Howard Capital Management Group LLC increased its holdings in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 180 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $123,000. Tudor Financial Inc. acquired a new position in shares of Emerson Electric during the third quarter worth about $355,000. Anchor Investment Management LLC raised its holdings in Emerson Electric by 4.4% during the third quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company's stock worth $3,350,000 after purchasing an additional 1,297 shares in the last quarter. Finally, World Investment Advisors LLC lifted its position in Emerson Electric by 20.7% in the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company's stock valued at $1,613,000 after purchasing an additional 2,532 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Finally, KeyCorp decreased their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently 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 on Friday, hitting $99.55. 2,878,399 shares of the stock traded hands, compared to its average volume of 2,917,735. The firm has a market capitalization of $56.14 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. 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 1 year low of $90.06 and a 1 year high of $134.85. The stock's 50 day moving average is $111.55 and its two-hundred day moving average is $118.95.

Emerson Electric (NYSE:EMR - Get Free Report) last released its 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, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Emerson Electric Company 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.