BI Asset Management Fondsmaeglerselskab A S Grows Stake in Emerson Electric Co. (NYSE:EMR)

BI Asset Management Fondsmaeglerselskab A S boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,298 shares of the industrial products company's stock after purchasing an additional 4,161 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Emerson Electric were worth $2,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Emerson Electric by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,670 shares of the industrial products company's stock worth $356,886,000 after acquiring an additional 254,224 shares in the last quarter. Dnca Finance bought a new position in shares of Emerson Electric in the 4th quarter worth $1,239,000. Ecofi Investissements SA grew its position in Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after purchasing an additional 100 shares during the period. Freedom Investment Management Inc. bought a new stake in Emerson Electric during the 4th quarter valued at $475,000. Finally, Forum Financial Management LP lifted its stake in shares of Emerson Electric by 19.9% in the fourth quarter. Forum Financial Management LP now owns 5,732 shares of the industrial products company's stock valued at $710,000 after buying an additional 953 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR traded up $0.19 during trading hours on Friday, hitting $105.24. The company's stock had a trading volume of 2,636,051 shares, compared to its average volume of 2,936,578. The company has a market cap of $59.34 billion, a price-to-earnings ratio of 25.12, a PEG 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. The business has a 50 day simple moving average of $109.27 and a two-hundred day simple moving average of $118.63. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EMR shares. KeyCorp lowered their target price 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. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Barclays lowered their price target on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Daiwa Capital Markets initiated 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Profile

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.