Norges Bank Makes New $885.89 Million Investment in Emerson Electric Co. (NYSE:EMR)

Norges Bank purchased a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,148,274 shares of the industrial products company’s stock, valued at approximately $885,886,000. Norges Bank owned about 1.26% of Emerson Electric as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EMR. Caisse Des Depots ET Consignations acquired a new position in Emerson Electric during the fourth quarter valued at approximately $728,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Emerson Electric in the 4th quarter valued at $906,000. LM Advisors LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $1,192,000. Howe & Rusling Inc. raised its stake in Emerson Electric by 24.5% during the 4th quarter. Howe & Rusling Inc. now owns 4,188 shares of the industrial products company’s stock worth $519,000 after buying an additional 823 shares during the period. Finally, AssuredPartners Investment Advisors LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $361,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $112.09 on Friday. The firm has a market capitalization of $63.20 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $121.08 and its two-hundred day moving average price is $119.41. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors 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 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Loop Capital lifted their price target 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. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Finally, Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $135.94.

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.