Price T Rowe Associates Inc. MD Acquires 69,467 Shares of Emerson Electric Co. (NYSE:EMR)

Price T Rowe Associates Inc. MD increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,512,836 shares of the industrial products company's stock after purchasing an additional 69,467 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.27% of Emerson Electric worth $187,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC grew its stake in Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Norges Bank bought a new stake in shares of Emerson Electric in the fourth quarter worth about $885,886,000. Nordea Investment Management AB lifted its holdings in shares of Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Emerson Electric by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after purchasing an additional 171,946 shares during the period. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

EMR stock traded up $3.27 during trading hours on Friday, hitting $109.08. 827,326 shares of the stock were exchanged, compared to its average volume of 2,925,644. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $107.85 and a two-hundred day simple moving average of $118.46. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The firm has a market capitalization of $61.51 billion, a P/E ratio of 26.04, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric's payout ratio is 50.36%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup lowered their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $131.67.

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.