Emerson Electric Co. (NYSE:EMR) Stake Increased by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,306 shares of the industrial products company’s stock after acquiring an additional 327 shares during the period. Nixon Peabody Trust Co.’s holdings in Emerson Electric were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Hamel Associates Inc. raised its stake in shares of Emerson Electric by 7.7% during the fourth quarter. Hamel Associates Inc. now owns 10,087 shares of the industrial products company’s stock valued at $1,250,000 after purchasing an additional 725 shares in the last quarter. Metis Global Partners LLC lifted its stake in Emerson Electric by 5.5% during the fourth quarter. Metis Global Partners LLC now owns 19,236 shares of the industrial products company’s stock valued at $2,384,000 after buying an additional 999 shares in the last quarter. West Michigan Advisors LLC lifted its stake in Emerson Electric by 11.5% during the fourth quarter. West Michigan Advisors LLC now owns 2,893 shares of the industrial products company’s stock valued at $359,000 after buying an additional 298 shares in the last quarter. Fisher Asset Management LLC lifted its stake in 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 buying an additional 1,426,718 shares in the last quarter. Finally, Maple Capital Management Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.4 %

Shares of NYSE EMR opened at $121.62 on Friday. The business has a fifty day moving average of $124.57 and a two-hundred day moving average of $118.08. 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 52-week low of $96.62 and a 52-week high of $134.85. The stock has a market cap of $68.58 billion, a PE ratio of 29.03, a PEG ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly 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 return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research analyst reports. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Company 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.