Quantinno Capital Management LP Grows Position in Emerson Electric Co. (NYSE:EMR)

Quantinno Capital Management LP grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 72.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,445 shares of the industrial products company's stock after acquiring an additional 40,637 shares during the period. Quantinno Capital Management LP's holdings in Emerson Electric were worth $11,953,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Emerson Electric in the fourth quarter valued at about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric during the fourth quarter valued at about $297,947,000. Boston Partners raised its position in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Barclays increased their price objective on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company raised their price target on Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Citigroup increased their target price on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $132.24.

Emerson Electric Stock Performance

EMR traded up $0.33 during trading on Friday, reaching $120.58. 2,712,218 shares of the company's stock were exchanged, compared to its average volume of 2,908,690. The company has a market capitalization of $67.83 billion, a P/E ratio of 28.78, a PEG ratio of 2.49 and a beta of 1.26. The business has a 50 day moving average price of $107.40 and a 200 day moving average price of $118.87. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

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.