Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Takes $12.39 Million Position in Emerson Electric Co. (NYSE:EMR)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,000 shares of the industrial products company’s stock, valued at approximately $12,393,000. Emerson Electric makes up approximately 9.5% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds have also made changes to their positions in EMR. Vanguard Group Inc. raised its stake in Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after buying an additional 384,313 shares in the last quarter. State Street Corp lifted its stake in shares of Emerson Electric by 6.2% during the 3rd 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 last quarter. Wellington Management Group LLP grew its stake in Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $885,886,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $112.09 on Friday. The company has a market capitalization of $63.20 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company’s fifty day moving average price is $121.08 and its 200 day moving average price is $119.41. 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 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Profile

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.