Dimensional Fund Advisors LP boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,976,570 shares of the industrial products company's stock after purchasing an additional 277,636 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of Emerson Electric worth $192,376,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Allworth Financial LP lifted its stake in Emerson Electric by 6.3% in the 3rd quarter. Allworth Financial LP now owns 20,081 shares of the industrial products company's stock valued at $1,939,000 after acquiring an additional 1,199 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Emerson Electric by 46.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 250,937 shares of the industrial products company's stock worth $24,233,000 after buying an additional 79,902 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in Emerson Electric by 5.1% during the third quarter. 180 Wealth Advisors LLC now owns 3,088 shares of the industrial products company's stock worth $298,000 after purchasing an additional 150 shares during the period. Autumn Glory Partners LLC acquired a new position in shares of Emerson Electric in the third quarter valued at $208,000. Finally, Trust Co of Kansas lifted its stake in shares of Emerson Electric by 0.4% during the 3rd quarter. Trust Co of Kansas now owns 58,194 shares of the industrial products company's stock worth $5,620,000 after buying an additional 221 shares during the last quarter. Institutional investors own 74.30% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a "hold" rating to a "buy" rating and upped their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Bank of America lifted their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada raised their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.56.
Check Out Our Latest Stock Report on EMR
Emerson Electric Price Performance
Shares of NYSE:EMR traded down $2.00 during trading on Thursday, reaching $112.82. The company had a trading volume of 1,912,625 shares, compared to its average volume of 2,797,658. The stock has a market capitalization of $64.54 billion, a P/E ratio of 6.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.36. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $116.76. The company has a fifty day moving average of $111.39 and a two-hundred day moving average of $100.94.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analysts' expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company's quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.86%. Emerson Electric's dividend payout ratio (DPR) is 11.24%.
Emerson Electric Profile
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Free Report)
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.
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