Emerson Electric Co. (NYSE:EMR) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 82,648 shares of the industrial products company’s stock after purchasing an additional 1,302 shares during the quarter. Pathstone Holdings LLC’s holdings in Emerson Electric were worth $10,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Norges Bank purchased a new position in Emerson Electric during the 4th quarter valued at about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock valued at $374,581,000 after purchasing an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric in the fourth quarter valued at $297,947,000. Boston Partners grew its position in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after acquiring an additional 1,913,120 shares during the period. Finally, Fisher Asset Management LLC grew its position in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after acquiring an additional 1,426,718 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $120.45 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The business has a fifty day moving average price of $107.20 and a 200-day moving average price of $118.78. 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 $67.75 billion, a P/E ratio of 28.75, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. Emerson Electric’s dividend payout ratio is presently 50.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMR. Citigroup raised their target price on Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Barclays increased their target price on Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $130.88.

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.