Gallo Partners LP bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,830 shares of the industrial products company's stock, valued at approximately $1,466,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in Emerson Electric during the 4th quarter worth $885,886,000. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric during the fourth quarter valued at $297,947,000. Boston Partners grew its position in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Fisher Asset Management LLC lifted 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. Finally, Sarasin & Partners LLP boosted its stake in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock valued at $218,889,000 after purchasing an additional 965,731 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Trading Up 2.5 %
Shares of Emerson Electric stock traded up $2.60 during trading on Friday, hitting $108.41. The stock had a trading volume of 2,569,836 shares, compared to its average volume of 2,929,644. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $61.13 billion, a PE ratio of 25.87, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a 50 day simple moving average of $107.63 and a 200 day simple moving average of $118.45.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.95%. Emerson Electric's payout ratio is 50.36%.
Wall Street Analyst Weigh In
EMR has been the subject of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Two equities 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 company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $131.67.
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Emerson Electric Profile
(
Free Report)
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.
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