Emerson Electric Co. (NYSE:EMR) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3,866.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,022,517 shares of the industrial products company's stock after acquiring an additional 2,946,310 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.53% of Emerson Electric worth $374,581,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth approximately $885,886,000. Raymond James Financial Inc. acquired a new stake in Emerson Electric in the 4th quarter valued at $297,947,000. Boston Partners lifted its stake in shares of 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 purchasing an additional 1,913,120 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after buying an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP raised its holdings in shares of 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 valued at $218,889,000 after buying an additional 965,731 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.17 during mid-day trading on Friday, hitting $112.55. The company had a trading volume of 2,581,429 shares, compared to its average volume of 2,878,095. The stock has a market cap of $63.31 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.49 and a beta of 1.26. The firm's 50 day simple moving average is $106.79 and its two-hundred day simple moving average is $118.51. 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 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 Dividend Announcement

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 $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a research note on Thursday. Citigroup lifted their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two investment 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $130.88.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by company insiders.

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.