Axa S.A. Buys 304,626 Shares of Emerson Electric Co. (NYSE:EMR)

AXA S.A. grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 857.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,141 shares of the industrial products company's stock after purchasing an additional 304,626 shares during the period. AXA S.A. owned approximately 0.06% of Emerson Electric worth $42,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GDS Wealth Management grew its holdings in shares of Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC lifted its position in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank increased its holdings in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after buying an additional 89 shares during the period. Little House Capital LLC raised its position in shares of Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after buying an additional 89 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Barclays lowered their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Daiwa Capital Markets began 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Trading Up 2.4 %

EMR stock traded up $2.53 during mid-day trading on Wednesday, reaching $109.80. The company's stock had a trading volume of 5,065,994 shares, compared to its average volume of 2,912,585. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The business's 50 day moving average price is $107.15 and its 200 day moving average price is $118.47. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

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 for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion for 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 revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric's payout ratio is 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.