BNP Paribas raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 101.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,352 shares of the industrial products company's stock after acquiring an additional 8,232 shares during the period. BNP Paribas' holdings in Emerson Electric were worth $2,027,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Stephens Consulting LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the fourth quarter worth $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
Wall Street Analyst Weigh In
EMR has been the subject of several recent analyst reports. Morgan Stanley boosted 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. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Citigroup lowered their price objective 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. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $131.67.
View Our Latest Stock Report on Emerson Electric
Emerson Electric Price Performance
Emerson Electric stock opened at $108.41 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a 50 day moving average price of $107.63 and a 200 day moving average price of $118.51. The company has a market cap of $61.13 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.49 and a beta of 1.28.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts predict 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 was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.95%. Emerson Electric's payout ratio is 50.36%.
About Emerson Electric
(
Free Report)
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.
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