Vestcor Inc Has $1.87 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Vestcor Inc lifted its stake in Emerson Electric Co. (NYSE:EMR) by 35.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,080 shares of the industrial products company’s stock after acquiring an additional 3,981 shares during the quarter. Vestcor Inc’s holdings in Emerson Electric were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EMR. State Street Corp increased its position in 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 buying an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP increased its position in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after buying an additional 581,102 shares during the last quarter. Geode Capital Management LLC increased its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the last quarter. Nordea Investment Management AB increased its position in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after buying an additional 375,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Emerson Electric by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock worth $385,354,000 after buying an additional 132,186 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.28.

Emerson Electric Stock Up 2.7 %

Shares of EMR opened at $112.11 on Friday. The stock has a market cap of $63.22 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. 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 Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a 50-day moving average price of $122.37 and a two-hundred day moving average price of $118.75.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is 50.36%.

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.