UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 339,355 Shares of Emerson Electric Co. (NYSE:EMR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,862,749 shares of the industrial products company's stock after acquiring an additional 339,355 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of Emerson Electric worth $478,710,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EMR. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC increased its stake in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the period. Norges Bank purchased a new position in Emerson Electric in the 4th quarter worth approximately $885,886,000. Northern Trust Corp increased its stake in Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after purchasing an additional 370,560 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of Emerson Electric by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after buying an additional 171,946 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on Thursday, May 8th. The stock was 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 owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 0.6%

Emerson Electric stock traded up $0.73 during mid-day trading on Friday, hitting $118.08. The company had a trading volume of 4,430,913 shares, compared to its average volume of 2,922,543. 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 stock's 50 day moving average price is $108.03 and its two-hundred day moving average price is $119.11. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a market capitalization of $66.42 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its 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 return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Royal Bank of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Barclays lifted their price target on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $133.06.

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.