Albar Capital Partners LLP Acquires New Stake in Emerson Electric Co. (NYSE:EMR)

Albar Capital Partners LLP bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 85,248 shares of the industrial products company's stock, valued at approximately $10,565,000. Emerson Electric accounts for 2.5% of Albar Capital Partners LLP's holdings, making the stock its 14th biggest holding.

A number of other institutional investors have also recently made changes to their positions in EMR. Norges Bank bought a new position in Emerson Electric during the 4th quarter worth approximately $885,886,000. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $297,947,000. Boston Partners raised its stake in 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 buying an additional 1,913,120 shares during the last quarter. Fisher Asset Management LLC boosted its position in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. Finally, Sarasin & Partners LLP grew its holdings 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 worth $218,889,000 after acquiring an additional 965,731 shares during the period. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Thursday. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. Finally, Barclays dropped their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Price Performance

EMR opened at $105.84 on Friday. The firm's fifty day moving average price is $107.85 and its two-hundred day moving average price is $118.46. The company has a market capitalization of $59.68 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 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%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

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.

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