Kesler Norman & Wride LLC Acquires 30,385 Shares of Emerson Electric Co. (NYSE:EMR)

Kesler Norman & Wride LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 162.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,141 shares of the industrial products company's stock after purchasing an additional 30,385 shares during the period. Kesler Norman & Wride LLC's holdings in Emerson Electric were worth $4,783,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Moneta Group Investment Advisors LLC increased its position in shares of Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company's stock worth $5,227,354,000 after purchasing an additional 54,365,954 shares in the last quarter. State Street Corp grew its holdings in shares of Emerson Electric by 0.3% during the second quarter. State Street Corp now owns 24,568,180 shares of the industrial products company's stock valued at $2,220,718,000 after buying an additional 64,875 shares during the last quarter. Morgan Stanley grew its holdings in shares of Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company's stock valued at $1,327,876,000 after buying an additional 1,008,294 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Emerson Electric by 2.2% during the second quarter. Geode Capital Management LLC now owns 10,538,130 shares of the industrial products company's stock valued at $949,669,000 after buying an additional 225,683 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company's stock valued at $791,858,000 after buying an additional 1,184,202 shares during the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.4 %

EMR stock traded up $0.47 during midday trading on Monday, hitting $111.06. The company's stock had a trading volume of 3,070,998 shares, compared to its average volume of 2,949,051. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $112.08. The firm has a market capitalization of $63.39 billion, a P/E ratio of 5.78, a PEG ratio of 1.92 and a beta of 1.36. The firm has a 50-day simple moving average of $101.82 and a 200-day simple moving average of $96.34.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the company posted $0.78 EPS. The firm's revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric's payout ratio is 10.94%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. UBS Group lowered their price target on shares of Emerson Electric from $104.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, November 22nd. Barclays upped their price target on shares of Emerson Electric from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 8th. Royal Bank of Canada upped their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Mizuho increased their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $111.61.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the firm's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company's stock.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.