Fayez Sarofim & Co Acquires 7,320 Shares of Emerson Electric Co. (NYSE:EMR)

Fayez Sarofim & Co lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,170 shares of the industrial products company's stock after buying an additional 7,320 shares during the quarter. Fayez Sarofim & Co's holdings in Emerson Electric were worth $4,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its stake in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Stokes Family Office LLC raised its stake in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after purchasing an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after purchasing an additional 6,321 shares in the last quarter. World Investment Advisors raised its stake in Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 0.2 %

EMR traded up $0.19 during midday trading on Friday, hitting $105.24. The company had a trading volume of 2,636,051 shares, compared to its average volume of 2,942,892. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization 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 stock's 50 day moving average price is $109.27 and its 200 day moving average price is $118.74.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate 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. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EMR. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. KeyCorp decreased their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Finally, 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average 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.