Inceptionr LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,266 shares of the industrial products company's stock, valued at approximately $529,000.
A number of other large investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $297,947,000. State Street Corp boosted its position in shares of 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 valued at $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Emerson Electric by 234.2% during 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 purchasing an additional 1,426,718 shares in the last quarter. Swedbank AB boosted its position in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its position in shares of Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock valued at $218,889,000 after purchasing an additional 965,731 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric stock opened at $118.66 on Friday. The stock has a market cap of $66.91 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The stock has a fifty day moving average of $123.64 and a 200 day moving average of $118.63.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates 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 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.
EMR has been the subject of a number of recent research reports. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $137.67.
Read Our Latest Stock Analysis on 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.
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