Van ECK Associates Corp Has $191.94 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Van ECK Associates Corp grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,972,093 shares of the industrial products company's stock after purchasing an additional 131,173 shares during the period. Van ECK Associates Corp owned about 0.35% of Emerson Electric worth $191,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Tobam grew its stake in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company's stock valued at $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Emerson Electric in the fourth quarter valued at $35,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at $39,000. MCF Advisors LLC grew its stake in shares of Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company's stock valued at $40,000 after buying an additional 386 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in Emerson Electric during the third quarter worth $42,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. Royal Bank of Canada lifted their price objective 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. Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Citigroup boosted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Berenberg Bank boosted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Finally, Bank of America upped their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $116.25.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company's stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company's stock.

Emerson Electric Trading Down 0.1 %

NYSE EMR traded down $0.13 during trading hours on Monday, reaching $109.76. The company's stock had a trading volume of 2,057,847 shares, compared to its average volume of 2,597,844. The firm has a fifty day simple moving average of $110.38 and a 200-day simple moving average of $99.32. The stock has a market cap of $62.65 billion, a P/E ratio of 5.73, a P/E/G ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric's dividend payout ratio is presently 10.94%.

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.

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.