Emerson Electric Co. (NYSE:EMR) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 997,659 shares of the industrial products company's stock after buying an additional 5,822 shares during the period. Ameriprise Financial Inc. owned about 0.18% of Emerson Electric worth $123,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after buying an additional 232,540 shares during the last quarter. Norges Bank purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $885,886,000. Northern Trust Corp lifted its holdings in shares of Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after acquiring an additional 370,560 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after acquiring an additional 171,946 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EMR. Robert W. Baird dropped their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday. Royal Bank of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday. KeyCorp cut their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.88.

Emerson Electric Trading Up 0.2 %

NYSE EMR traded up $0.17 during trading on Friday, hitting $112.55. The stock had a trading volume of 2,581,429 shares, compared to its average volume of 2,876,272. The company has a market capitalization of $63.47 billion, a PE ratio of 26.86, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. 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 firm has a 50 day moving average price of $106.79 and a 200 day moving average price of $118.45.

Emerson Electric (NYSE:EMR - Get Free Report) last released its 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 analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.36%.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

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.