Emerson Electric Co. (NYSE:EMR) Shares Acquired by Capital Research Global Investors

Capital Research Global Investors boosted its position in Emerson Electric Co. (NYSE:EMR) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687,069 shares of the industrial products company’s stock after buying an additional 1,426 shares during the period. Capital Research Global Investors owned approximately 0.12% of Emerson Electric worth $85,148,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Emerson Electric during the fourth quarter worth about $885,886,000. Raymond James Financial Inc. acquired a new position in Emerson Electric during the fourth quarter worth $297,947,000. Boston Partners lifted its holdings 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. Fisher Asset Management LLC grew its stake in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after purchasing an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP lifted its stake in shares of Emerson Electric by 120.6% in 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 during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $99.55 on Monday. The business has a fifty day simple moving average of $111.55 and a 200-day simple moving average of $119.08. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a market cap of $56.14 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. 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 was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.12%. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Citigroup lowered their price objective on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

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.