Voya Investment Management LLC Acquires 760,836 Shares of Emerson Electric Co. (NYSE:EMR)

Voya Investment Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 150.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,265,261 shares of the industrial products company's stock after acquiring an additional 760,836 shares during the quarter. Voya Investment Management LLC owned about 0.22% of Emerson Electric worth $156,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB increased its holdings in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Stokes Family Office LLC increased its stake in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after acquiring an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares during the last quarter. World Investment Advisors grew its holdings in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. Finally, Howland Capital Management LLC increased its stake in Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EMR. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Barclays lowered their price target on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Citigroup decreased their price objective on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Stock Up 0.3 %

EMR traded up $0.28 during trading on Tuesday, reaching $104.78. 539,695 shares of the stock were exchanged, compared to its average volume of 3,114,535. The stock's 50 day moving average price is $108.88 and its two-hundred day moving average price is $118.69. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The stock has a market cap of $59.09 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.

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.