Lazard Asset Management LLC Has $101.55 Million Position in Emerson Electric Co. (NYSE:EMR)

Lazard Asset Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 230,061.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 819,376 shares of the industrial products company's stock after buying an additional 819,020 shares during the period. Lazard Asset Management LLC owned approximately 0.14% of Emerson Electric worth $101,545,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Emerson Electric in the 4th quarter worth $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. bought a new position in Emerson Electric during the fourth quarter valued at about $297,947,000. Boston Partners raised its holdings in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after acquiring an additional 1,913,120 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after acquiring an additional 1,426,718 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. KeyCorp cut their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday. Barclays raised their price target on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Finally, Citigroup boosted their price target on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have given 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, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $132.24.

Emerson Electric Trading Up 0.3%

Shares of EMR traded up $0.33 during trading hours on Friday, hitting $120.58. 2,712,218 shares of the stock traded hands, compared to its average volume of 2,899,645. The business has a fifty day moving average of $107.20 and a 200-day moving average of $118.78. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $67.83 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Emerson Electric's revenue was up 1.3% on a year-over-year basis. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. Emerson Electric's dividend payout ratio is currently 50.48%.

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.