Mirova Purchases 8,520 Shares of Emerson Electric Co. (NYSE:EMR)

Mirova grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 81.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,981 shares of the industrial products company's stock after acquiring an additional 8,520 shares during the period. Mirova's holdings in Emerson Electric were worth $2,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stephens Consulting LLC purchased a new position in Emerson Electric during the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new position in Emerson Electric during the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new position in shares of Emerson Electric during the fourth quarter valued at $35,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EMR. Citigroup cut their price objective on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays decreased their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Finally, KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.30 during trading on Friday, hitting $105.35. The company had a trading volume of 1,300,168 shares, compared to its average volume of 2,926,332. The stock has a 50 day simple moving average of $109.67 and a 200 day simple moving average of $118.66. The firm has a market capitalization of $59.40 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

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, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Emerson Electric 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.