PFG Investments LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

PFG Investments LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,316 shares of the industrial products company’s stock after buying an additional 212 shares during the period. PFG Investments LLC’s holdings in Emerson Electric were worth $517,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EMR. Moneta Group Investment Advisors LLC boosted its holdings in shares of Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after purchasing an additional 54,365,954 shares during the period. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $702,606,000. Morgan Stanley boosted its holdings in shares of Emerson Electric by 28.4% in the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock valued at $1,136,909,000 after purchasing an additional 2,621,089 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Emerson Electric by 255.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after purchasing an additional 2,015,232 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Price Performance

Shares of EMR opened at $113.45 on Thursday. The firm has a market capitalization of $64.76 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $113.46. The company’s fifty day moving average price is $103.91 and its 200-day moving average price is $96.90.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. UBS Group boosted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Mizuho boosted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Berenberg Bank boosted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

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.