Emerson Electric Co. (NYSE:EMR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,685,615 shares of the industrial products company’s stock after purchasing an additional 232,540 shares during the quarter. Geode Capital Management LLC owned 2.05% of Emerson Electric worth $1,443,725,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. StoneX Group Inc. lifted its holdings in Emerson Electric by 23.5% in the 4th quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company’s stock valued at $4,081,000 after acquiring an additional 6,264 shares during the last quarter. HighPoint Advisor Group LLC grew its position in Emerson Electric by 28.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,735 shares of the industrial products company’s stock worth $2,363,000 after buying an additional 4,151 shares during the last quarter. Cannell & Spears LLC lifted its position in shares of Emerson Electric by 1.3% during the 4th quarter. Cannell & Spears LLC now owns 48,186 shares of the industrial products company’s stock valued at $5,972,000 after acquiring an additional 598 shares during the last quarter. Summit Financial LLC boosted its stake in shares of Emerson Electric by 136.1% during the 4th quarter. Summit Financial LLC now owns 19,094 shares of the industrial products company’s stock worth $2,366,000 after acquiring an additional 11,007 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EMR. 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 note on Wednesday, January 15th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 26th. Citigroup initiated coverage on Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Stock Up 0.3 %

Shares of EMR stock opened at $109.94 on Wednesday. The company has a market capitalization of $62.00 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock’s 50 day simple moving average is $120.06 and its 200 day simple moving average is $119.87. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

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

Emerson Electric Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.