Clearbridge Investments LLC Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Clearbridge Investments LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 968,561 shares of the industrial products company’s stock after purchasing an additional 57,028 shares during the quarter. Clearbridge Investments LLC owned approximately 0.17% of Emerson Electric worth $94,270,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tobam increased its holdings in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $39,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $39,000. Finally, MCF Advisors LLC increased its holdings in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 386 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Bank of America upped their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.56.

Emerson Electric Stock Down 0.2 %

Shares of NYSE:EMR opened at $113.50 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $64.93 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.36. The firm’s 50-day moving average is $111.64 and its two-hundred day moving average is $101.67. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $116.76.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Analysts predict that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.85%. Emerson Electric’s payout ratio is 11.24%.

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.