10,000 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the industrial products company's stock, valued at approximately $1,239,000.

Several other institutional investors have also modified their holdings of EMR. Norges Bank purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $297,947,000. Boston Partners lifted its position in shares of Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after buying an additional 1,913,120 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 1.0%

EMR stock traded down $1.21 during trading on Tuesday, reaching $118.37. 755,423 shares of the stock traded hands, compared to its average volume of 2,899,322. The business's 50 day moving average price is $107.58 and its 200-day moving average price is $119.09. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $66.58 billion, a PE ratio of 28.26, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on EMR shares. Royal Bank of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $132.24.

About Emerson Electric

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.