Emerson Electric Co. (NYSE:EMR) Shares Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 195.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,400 shares of the industrial products company's stock after acquiring an additional 25,400 shares during the quarter. Emerson Electric comprises approximately 0.6% of Bayesian Capital Management LP's portfolio, making the stock its 29th biggest position. Bayesian Capital Management LP's holdings in Emerson Electric were worth $4,759,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stokes Family Office LLC grew its position in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares during the period. World Investment Advisors raised its holdings in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Howland Capital Management LLC lifted its position in Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in 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 valued at $1,443,725,000 after purchasing an additional 232,540 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock traded up $2.53 during trading on Wednesday, hitting $109.80. The stock had a trading volume of 5,065,994 shares, compared to its average volume of 2,896,641. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The stock 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. The company's 50 day moving average price is $107.15 and its two-hundred day moving average price is $118.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.74% and a return on equity of 12.08%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.92%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EMR. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup lowered their price target on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. 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 target price on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.67.

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.