Emerson Electric Co. (NYSE:EMR) Shares Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 944,761 shares of the industrial products company's stock after purchasing an additional 116,844 shares during the quarter. Lord Abbett & CO. LLC owned about 0.17% of Emerson Electric worth $117,084,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management grew its stake in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after buying an additional 79 shares during the period. Mcdonald Partners LLC grew its position in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after acquiring an additional 81 shares during the period. Berkshire Bank raised its position in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 89 shares during the period. Little House Capital LLC grew its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust increased its position in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.2 %

NYSE:EMR traded down $1.23 during midday trading on Wednesday, hitting $103.86. 562,543 shares of the company were exchanged, compared to its average volume of 2,929,637. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a market capitalization of $58.57 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a fifty day simple moving average of $108.48 and a 200 day simple moving average of $118.60.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.03%. Emerson Electric's dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EMR shares. Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Citigroup cut their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.67.

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.