Emerson Electric Co. (NYSE:EMR) Stock Position Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 213.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,533 shares of the industrial products company’s stock after purchasing an additional 26,930 shares during the period. Tower Research Capital LLC TRC’s holdings in Emerson Electric were worth $4,899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after buying an additional 232,540 shares during the last quarter. Norges Bank bought a new stake in Emerson Electric during the 4th quarter valued at approximately $885,886,000. Nordea Investment Management AB grew its stake in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after acquiring an additional 375,470 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock valued at $542,379,000 after buying an additional 171,946 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $99.55 on Monday. The company has a market cap of $56.14 billion, a PE ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company’s 50-day moving average is $111.55 and its two-hundred day moving average is $119.08.

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

Emerson Electric Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.12%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EMR shares. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. 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 for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price 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.