Zurcher Kantonalbank Zurich Cantonalbank Buys 15,771 Shares of Emerson Electric Co. (NYSE:EMR)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 261,475 shares of the industrial products company's stock after buying an additional 15,771 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Emerson Electric were worth $32,405,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EMR. State Street Corp boosted its position in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP boosted its position in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC boosted its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the period. Nordea Investment Management AB boosted its position in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after purchasing an additional 375,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Emerson Electric by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company's stock worth $385,354,000 after purchasing an additional 132,186 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

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Emerson Electric Price Performance

Shares of EMR stock traded down $1.67 during trading hours on Thursday, hitting $109.17. 2,256,832 shares of the company's stock were exchanged, compared to its average volume of 2,950,390. The company has a market capitalization of $61.56 billion, a PE ratio of 26.05, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The business's 50 day simple moving average is $122.60 and its 200-day simple moving average is $118.70. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective for the company. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.28.

About Emerson Electric

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.