3,830 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,830 shares of the industrial products company's stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Norges Bank bought a new position in shares of Emerson Electric in the fourth quarter worth $885,886,000. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric during the 4th quarter valued at $297,947,000. Boston Partners lifted its holdings in shares of Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after buying an additional 1,913,120 shares during the period. Fisher Asset Management LLC grew its holdings in Emerson Electric by 234.2% during 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 acquiring an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP boosted its position 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 purchasing an additional 965,731 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target on the stock. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Wednesday. Citigroup lowered their target price 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. Finally, KeyCorp dropped their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Price Performance

Emerson Electric stock traded up $0.19 during mid-day trading on Friday, reaching $105.24. 2,636,051 shares of the company were exchanged, compared to its average volume of 2,936,578. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a fifty day simple moving average of $109.27 and a 200-day simple moving average of $118.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market cap of $59.34 billion, a PE ratio of 25.12, 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 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.00%. Emerson Electric's dividend payout ratio is presently 50.36%.

Emerson Electric Company 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.