DnB Asset Management AS Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

DnB Asset Management AS lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 868,437 shares of the industrial products company’s stock after acquiring an additional 108,664 shares during the period. DnB Asset Management AS owned 0.15% of Emerson Electric worth $107,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the period. Loomis Sayles & Co. L P boosted its position in Emerson Electric by 164.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 94,061 shares of the industrial products company’s stock valued at $10,287,000 after buying an additional 58,476 shares during the period. Brooklyn Investment Group bought a new stake in shares of Emerson Electric in the third quarter valued at about $144,000. Townsquare Capital LLC grew its holdings in Emerson Electric by 4.9% during the 3rd quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock worth $1,296,000 after acquiring an additional 553 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Emerson Electric by 1,796.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 495,000 shares of the industrial products company’s stock valued at $54,138,000 after purchasing an additional 468,898 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Wells Fargo & Company raised 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Trading Down 1.3 %

Shares of NYSE:EMR opened at $112.09 on Friday. The company has a market capitalization of $63.20 billion, a PE ratio of 26.75, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The business has a 50 day moving average of $121.08 and a two-hundred day moving average of $119.41. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

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.