Emerson Electric Co. (NYSE:EMR) Shares Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 146.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,103 shares of the industrial products company's stock after acquiring an additional 20,845 shares during the period. NFJ Investment Group LLC's holdings in Emerson Electric were worth $4,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the fourth quarter worth $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the 4th quarter worth about $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several analyst reports. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Barclays dropped their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $131.67.

Emerson Electric Stock Up 2.5 %

EMR stock traded up $2.41 during mid-day trading on Tuesday, hitting $98.83. 488,756 shares of the company were exchanged, compared to its average volume of 3,124,385. The company has a market capitalization of $55.73 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The firm has a fifty day simple moving average of $110.99 and a 200 day simple moving average of $118.97. 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 (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is currently 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.