Signaturefd LLC Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Signaturefd LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,341 shares of the industrial products company’s stock after acquiring an additional 185 shares during the quarter. Signaturefd LLC’s holdings in Emerson Electric were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. increased its stake in Emerson Electric by 255.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after buying an additional 2,015,232 shares during the period. Nordea Investment Management AB boosted its holdings in 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. Schroder Investment Management Group grew its stake in Emerson Electric by 211.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock worth $193,439,000 after purchasing an additional 1,360,477 shares in the last quarter. Invesco Ltd. increased its holdings in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after buying an additional 1,008,294 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Emerson Electric Trading Up 0.0 %

NYSE:EMR opened at $108.63 on Tuesday. The firm has a market cap of $62.01 billion, a P/E ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The stock’s 50 day simple moving average is $110.06 and its 200-day simple moving average is $98.94.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Bank of America upped their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Barclays raised their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada upped their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. KeyCorp raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Citigroup increased their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

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.