Intech Investment Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 183.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,325 shares of the industrial products company’s stock after purchasing an additional 35,189 shares during the quarter. Intech Investment Management LLC’s holdings in Emerson Electric were worth $7,210,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Ameriprise Financial Inc. boosted its stake in Emerson Electric by 185.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock worth $418,730,000 after purchasing an additional 2,075,425 shares during the period. Fisher Asset Management LLC boosted its stake in Emerson Electric by 20.6% in the 3rd quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after purchasing an additional 1,069,122 shares during the period. Schroder Investment Management Group boosted its position in shares of Emerson Electric by 13.5% during the 3rd quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock valued at $945,227,000 after acquiring an additional 859,171 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Emerson Electric by 97.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,707,873 shares of the industrial products company’s stock valued at $227,783,000 after acquiring an additional 843,526 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Emerson Electric by 34.0% during the 3rd quarter. Boston Partners now owns 2,860,894 shares of the industrial products company’s stock valued at $375,547,000 after acquiring an additional 726,477 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Up 1.5%
Shares of EMR opened at $143.91 on Friday. The company has a market cap of $80.60 billion, a PE ratio of 33.23, a P/E/G ratio of 2.30 and a beta of 1.26. The business has a fifty day moving average of $137.27 and a 200 day moving average of $139.58. Emerson Electric Co. has a 52-week low of $117.16 and a 52-week high of $165.15. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $0.555 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the sale, the chief executive officer owned 281,393 shares in the company, valued at $40,047,851.76. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on EMR. Deutsche Bank Aktiengesellschaft downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a research report on Thursday, February 5th. Daiwa Securities Group lowered their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price for the company. Barclays increased their target price on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Citigroup increased their target price on Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Hold” and an average target price of $163.24.
Read Our Latest Stock Report on Emerson Electric
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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