Boston Common Asset Management LLC Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Boston Common Asset Management LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 136,035 shares of the industrial products company’s stock after buying an additional 163 shares during the quarter. Boston Common Asset Management LLC’s holdings in Emerson Electric were worth $16,859,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC grew its position in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. State Street Corp lifted its position in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB grew its holdings in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EMR. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Performance

EMR traded up $1.02 during trading on Friday, reaching $124.31. 496,642 shares of the company were exchanged, compared to its average volume of 2,251,542. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $70.80 billion, a P/E ratio of 36.34, a PEG ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The firm has a 50 day moving average of $127.18 and a 200 day moving average of $115.05.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

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.