Korea Investment CORP Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Korea Investment CORP grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,227 shares of the industrial products company’s stock after acquiring an additional 11,321 shares during the quarter. Korea Investment CORP owned about 0.07% of Emerson Electric worth $49,104,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric in the 4th quarter valued at $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric during the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the 4th quarter worth $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $112.09 on Friday. The company has a market cap of $63.20 billion, a PE ratio of 26.75, a P/E/G 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 company has a fifty day moving average price of $121.08 and a two-hundred day moving average price of $119.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley upped their target price 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. Barclays cut their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $135.94.

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.